Describe two possible reasons her qualified business income

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Problem: Angela owns her own business (that is not a C corporation) and is happy when she tells you that she has heard business owners can claim a tax deduction for 20% of their share of profits. You tell Angela that you are excited for her, but she may actually be able to deduct less than she expects. Identify and describe two possible reasons her Qualified Business Income deduction might be less than 20% of her share of business income.

Reference no: EM133651509

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