A taxpayer has various businesses which operate in different legal and tax forms.The qualified business income deduction will apply to the business income earned from all of the following businesses except
A)the partnership.
B)the sole proprietorship.
C)the C corporation.
D)the S corporation.

Question

Quizplus · Accepted Answer

The qualified business income deduction only applies to income earned from pass-through entities such as sole proprietorships, partnerships, S corporations, and certain LLCs. C corporations do not qualify for this deduction as they are subject to their own corporate tax rate.

A Taxpayer Has Various Businesses Which Operate in Different Legal