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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_
Level 15
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Business & farm
Or a code V in Box 17 for an S corporation (K-1 1120-S).
‎September 7, 2020
7:09 AM
