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Business & farm
They put "AC" and "V" in line 17. AC for the gross receipts dollar amount, and V I think to indicate a statement for the QBI. I see not when reading the IRS publication that AC is only needed for interest deduction, which we have no need for. So it looks like this was something that they had put on there that didn't need to be there. Thank you for your assistance on this. I'm just trying to make sure I'm doing it right, and this is the first time my business taxes.
May 17, 2022
11:59 AM