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  • Re: What is Qualified Business Income Deduction? I have an S corp and 20% of my K-1 is a lot, but my QBI deduction is only $30. Isnt it supposed to be a direct 20% of K-1?
Anonymous_
Anonymous_
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Business & farm

There is a decent summary on the IRS web site at the link below.

 

https://www.irs.gov/newsroom/qualified-business-income-deduction

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‎September 6, 2020 8:15 PM
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