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Find deduction for qualified business income

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Question - Tercot Partnership reported $1,000,000 of business receipts, $700,000 of business deductions, and $100,000 of interest income. Terry is a 50% partner in Tercot Partnership. On Terry's return, she will be entitled to a deduction for qualified business income of?

A. $80,000.

B. $30,000.

C. $60,000.

D. $40,000.

Reference no: EM132499066

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