Need Help ?
Have a Question ?

(Solved): 24 Where Is The § 199A Deduction Taken On Form 1040? A.It Is A Deduction From AGI, Much Like The St ...


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 an itemized deduction taken on Schedule A (Form 1040).

c.It is a business deduction and is taken on Schedule C (Form 1040).

d.It is a deduction that reduces self-employment income and is taken on Schedule SE (Form 1040).

e.None of these choices are correct.

Expert Answer

We have an Answer from Expert Buy This Answer $6