Elizabeth Operates an Accounting Firm as a Sole Proprietorship

Elizabeth operates an accounting firm as a sole proprietorship. She is single, the accounting business has net income of $120,000 and she has taxable income of $130,000. Which of the following is true regarding her Qualified Business Income (QBI) deduction?
I.The QBI deduction is a deduction for adjusted gross income
II.The QBI deduction is an itemized deduction
III
She is not allowed a QBI deduction because she operates a specified service business.
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A) Only statement I is correct.
B) Only statement II is correct.
C) Only statement III is correct
D) None of the statements is correct.