Where Is the § 199A Deduction Taken on Form 1040

question 40

Multiple Choice

Where is the § 199A deduction taken on Form 1040?

• A) It is a deduction from AGI, much like the standard deduction or itemized deductions, and is the last deduction taken in determining taxable income.
• B) It is a business deduction and is taken on Schedule C (Form 1040).
• C) It is a deduction that reduces self-employment income and is taken on Schedule SE (Form 1040).
• D) It is an itemized deduction taken on Schedule A (Form 1040).
• E) None of these.

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Definitions:

"Whites Only" Signs

Historical markers of segregation, especially in the United States, designating spaces and services exclusively for white individuals, exemplifying institutional racism.

Environmental Hazards

Physical, chemical, and biological factors external to a person that can cause harm to health or well-being.

Economic Opportunities

The availability of chances for individuals to improve their economic status through employment, education, or starting a business.

1968 Civil Rights Act

Also known as the Fair Housing Act, it prohibits discrimination concerned with the sale, rental, and financing of housing based on race, religion, national origin, and sex.