Define each of the following terms, and explain how each is used in determining the QBI deduction.
a. Modified taxable income.
b. Qualified business income.
c. Qualified trade or business.
d. Specified services business.
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Home » Business » Define each of the following terms, and explain how each is used in determining the QBI deduction. a. Modified taxable income. b. Qualified business income. c. Qualified trade or business. d. Specified services business.