One of the purposes of the qualified business income deduction was to reduce the taxes on businesses who are operating in non-corporate business forms e.g., sole proprietors, partnerships, and S corporations).

Question

Quizplus · Accepted Answer

The qualified business income deduction was specifically designed to reduce taxes for businesses that operate as sole proprietors, partnerships, or S corporations, which are all non-corporate business forms.

One of the Purposes of the Qualified Business Income Deduction