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]
3 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]3 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
Which of the following things may indicate an ID has been altered?
Naily [24]

I feel the best answer here is A.

7 0
3 years ago
Read 2 more answers
Trial practice is dramatically different in Britain. The lawyers for the two sides, called solicitors, do not go into court. Cou
Burka [1]

Answer:

The British approach appears to be more effective and even more efficient.

Explanation:

The British approach eliminates the tendency of lawyers to coach the witnesses to produce required answers.  This means that using the British approach, witnesses are not properly prepared with correctly rehearsed answers to questions.  The discovery of the case by both lawyers happens in the courtroom and not at a pretrial stage.  With the British approach, courtroom lawyers are responsible for conducting the opening statement, direct examination of witnesses, closing statement, and cross-examination of witnesses.

3 0
2 years ago
Why is severing on a jury important?​
lukranit [14]

Answer:

Explanation:

Jurors perform a vital role in the American system of justice. ... Jury service is a high duty of citizenship. Jurors aid in the maintenance of law and order and uphold justice among their fellow citizens. Their greatest reward is the knowledge that they have discharged this duty faithfully, honorably, and well.

7 0
3 years ago
Read 2 more answers
Amy joined the US Army and must undergo the Army Physical Fitness Test (APFT). How often must Amy pass the test to prove herself
natima [27]

Amy needs to pass the test "once a year".

Option A

<h3><u>Explanation: </u></h3>

The United States Army, in order to make sure that its cadets are fit enough to serve in the army further more, conducts a test called the Army Physical Fitness Test.

It is mandatory for each and every soldier in the army to pass this test with a "minimum score of 180" in order to prove his ability to serve in the army for a still longer period. The test consists of three distinct events carrying 60 marks each.

4 0
3 years ago
Of the following, which is a universal requirement for a police officer applicant?
STatiana [176]

Answer:

the answer is C?

Explanation:

it is the only one that sounds right.

6 0
2 years ago
Other questions:
  • What does Ivan Jakovlevitch find in his breakfast bread?
    7·2 answers
  • Who is the plaintiff in a criminal lawsuit
    12·2 answers
  • Is it unethical for the nonprofit museum to imply that a price must be paid when it really is a donation?
    11·1 answer
  • Note that most projection pages include other important races being voted on today. Why do those races matter? What are the larg
    7·2 answers
  • What are the Essential Parts of a Written Constitution? Briefly explain each​
    8·1 answer
  • Describe TWO ways in which the above law protects citizens against human right violations​
    6·2 answers
  • guys in my military science class I can’t find all my pins what will happen, I’m crying so much I can’t find them
    7·1 answer
  • Permitting rental agencies to refuse to rent apartments to families with children would violate what kind of due process?
    7·1 answer
  • What is one important thing for a person with power of attorney to know?
    7·1 answer
  • Mary, Janet and Shantil formed a partnership, Brookdale Senior Care (BSC), to provide temporary housing and general care for eld
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!