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What is the amount of Ramon's qualified business income (QBI) deduction? OA $1,800, 20% of Ramon's net qualified business income OB. $0 because ride share is considered a specified service business OC. $0 because Ramon does not have taxable income before the QBI deduction OD. $0 because Ramon has no qualified business income.

User Abisson
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$0 because Ramon does not have taxable income before the QBI deduction

Answer: Option C.

Step-by-step explanation:

QBI is the net amount of qualified items of income, gain, deduction and loss from any qualified trade or business, including income from partnerships, S corporations, sole proprietorship, and certain trusts. Items that are not properly includable in taxable income.

Many individuals, including owners of businesses operated through sole proprietorship, partnerships, S corporations, trusts and estates may be eligible for a qualified business income deduction, also called the section 199A deduction. Some trusts and estates may also claim the deduction directly.

User Dumdum
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