What kind of deduction is the deduction for qualified business income?
A)A for AGI deduction.
B)A from AGI deduction that is not an itemized deduction.
C)A from AGI deduction that is an itemized deduction.
D)None of the choices are correct.

Question

Quizplus · Accepted Answer

The deduction for qualified business income is a from AGI deduction that is not an itemized deduction. It is taken directly from the taxpayer's income and reduces their taxable income. It can be taken by taxpayers who have qualified business income from a pass-through entity, such as an S Corporation or partnership, or from a sole proprietorship.

What Kind of Deduction Is the Deduction for Qualified Business