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Business & farm
I'm confused. I have read several publications that indicate there is a 20% deduction (with minimum salary requirements on QBI) for pass-through income (i.e. LLC) that is titled a 199A deduction. The deduction is taken on the individual's personal 1040 filing, not a business filing. That is what I was referencing and wanted to know how I do that on my 1040.
‎June 4, 2019
9:51 PM