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- Does an S Corporate shareholder reduce their basis by the amount of annual QBI Deductions
Does an S Corporate shareholder reduce their basis by the amount of annual QBI Deductions
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danmasscpa
Level 1
04-24-2021
08:20 AM
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Does an S Corporate shareholder reduce their stock basis by the amount of any QBI deduction taken on their personal 1040 ?
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goshen9882
Level 3
04-24-2021
09:11 AM
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No. Reg 1.199A-1(e)(1).
