If Qualified Production Activities Income (QPAI) Cannot Be Used in the Calculation

question 41

True/False

If qualified production activities income (QPAI) cannot be used in the calculation of the domestic production activities deduction because of the taxable income limitation, the product of the amount not allowed multiplied by the DPAD percentage rate (currently 9%) can be carried over for 5 years.

---

Definitions:

Estimates

Approximations or educated guesses used in accounting and finance to project future values or record uncertain current values.