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Where can we claim the QBI deduction on the new 1040 Form?

Date of Posting : June 30, 2020

You can see Line 10 of the 1040 form and check “below the line” deduction. The deduction will be subtracted from Adjusted Gross Income as a part of the calculation for Taxable Income. You can claim the deduction by attaching Form 8995 or Form 8995-A to 1040.