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Business & farm
@Carl the difference between the two and the ultimate question was whether they can forgo deductions, which would in turn increase income and potentially provide a larger QBI deduction.
As was already noted, deductions are to be taken in the year incurred based on your method of accounting.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎April 11, 2020
1:30 PM