Standard Deduction and Tax Computation - IRS tax forms

qualified REIT (Sec. 199A) dividends or • 20% of taxable income (equals adjusted gross income minus the applicable standard or itemized deduc-tion) minus net capital gains and qualified dividends. See Form 1040 instructions for details. Qualified business income is reduced by the deductible part of the self-employment tax, the self- ................
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