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Fed Publication 4345 Form

Fed Publication 4345 Form

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Video instructions and help with filling out and completing Fed Publication 4345 Form

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Instructions and help about irs publication 4345

for this video I want to cover the IRS form 89.95 which is the simplified computation for the qualifying business income deduction now the qbi deduction can be quite complicated but in this example what we're going to cover is a simple scenario where we have a taxpayer with One Schedule C and so they have an easier time at calculating their qbi and the deduction and having that flow through the return so I do have a sample 89.95 here in front of us and it's part of the larger return so we do have John's full 1040 here which we'll go through and we'll see how the various pieces flow through on the forms and then I do have one slide here covering some of the background on qbi and the 89.95 and then the other 89.95a which might apply depending on your income level so just some of the basics for those that are not familiar with qbi the section 199 cap a as part of the tax code was added back in 2017 as part of the tax cuts and jobs act and so this al

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