1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nitella [24]
4 years ago
11

All of the following statements are true with regard to qualifying business losses EXCEPT:The loss will reduce any other current

-year qualified business income of the taxpayer. After reducing all current-year qualifying business income, any remaining loss will be carried forward to the following tax year. Qualifying losses from 2017 were carried forward to the taxpayer's 2018 tax return. Qualifying losses from 2018 are the first year losses to be carried forward to the following tax year.
Law
1 answer:
Bogdan [553]4 years ago
5 0

Answer:

This deduction, created by the 2017 Tax Cuts and Jobs Act, allows non-corporate taxpayers to deduct up to 20 percent of their QBI, plus 20% of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income.Jul 16, 2019

Explanation:

or 2018, the threshold amount is $315,000 for a married couple filing a joint return, and $157,500 for all other taxpayers. The SSTB limitations don't apply for taxpayers with taxable income at or below the threshold amount.This new deduction is equal to 20% of a taxpayer's “qualified business income” (QBI). QBI is calculated by netting the total amount of qualified income, gain, deduction and loss from any qualified trade or business. ... Capital gains and losses, certain dividends and interest income are some of the excluded items.Apr 2, 2019Section 199A defines a qualified trade or business by exclusion; every trade or business is a qualified business other than: The trade or business of performing services as an employee, and. A specified service trade or business.

You might be interested in
An oral contract for $300 item is enforceable <br><br> True or false
Alex

It's accurate to say this. An oral contract involving specifically produced items is enforceable in these circumstances without a written document under the UCC statute of frauds.

<h3>Can you enforce a verbal contract?</h3>

As long as the fundamental components of a contract—an offer, an acceptance, a transfer of consideration, and an agreement on the terms of the contract—are present, oral agreements will typically be upheld in court. An oral contract can be enforced even if non-essential conditions have not been agreed upon.

<h3>Is an oral agreement still binding?</h3>

A handshake agreement may nevertheless qualify as a contract and be upheld by a court, albeit frequently with difficulty. However, verbal agreements might leave room for ambiguity regarding the rights and obligations of each participant. If you don't have anything on a paper outlining what you both agreed to accomplish, a disagreement could occur.

Learn more about oral contract: brainly.com/question/15104947

#SPJ13

5 0
1 year ago
Read 2 more answers
Determine if the statement is true or false.
avanturin [10]

Answer:

False

Explanation:

7 0
3 years ago
Hi !! did yall see the biden and trump debate LMOASBD WHAT EVEN WAS THAT
weeeeeb [17]

Answer: lol the moderator was so done with them, it was a total train wreck. A particularly amusing train wreck.

Explanation:

3 0
3 years ago
Read 2 more answers
How do interest groups influence the public? Describe at least three methods interest groups use.​
ahrayia [7]

Answer:

1.) They generate greater awareness of public affairs and the actions of the government.

2.) They provide specialized information to government officials.

3.) They represent issues to lawmakers based on the shared attitudes of their members rather than shared geography.

7 0
2 years ago
How might a battered women's shelter organize differently from a skateboard shop? Select all that apply.
kolezko [41]

A. the skate shop might borrow enough money to open while a women's shelter would seek investors who could profit from the investment,

C. the women's shelter would look for space that could temporarily house women and children where a skate shop would look for property that had a secure storage space for stock,

E. a skate shop's main focus would be on goods, a women's shelter's main focus would be on services

At least I think that's it.

3 0
3 years ago
Read 2 more answers
Other questions:
  • Criminalnology is an empirical science which encompasses the following areas of study
    6·1 answer
  • Plz hurry idk how to do this :/
    10·1 answer
  • Eleanor is a prosecuting attorney. She has prepared a strong case against the defendant, Arthur, who has been accused of arson.
    9·1 answer
  • Summarize articles 4-6 of the constitution
    13·1 answer
  • What does it mean when a murder is justified?
    15·1 answer
  • The senate is often referred to as ‘The states’ House why ?
    12·1 answer
  • Which example represents a reserved power?
    10·1 answer
  • In general, how has the power of the federal and the state governments changed over the course of the country's
    12·1 answer
  • Procedural law is also known as adjective law or formal law why ?​
    6·1 answer
  • Summarize United States v. Jones
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!