Multiple Choice
On which form is income from a single-member LLC with one corporate (C corporation) owner reported?
A) Form 1120 used by C corporations to report their income.
B) Form 1120S used by S corporations to report their income.
C) Form 1065 used by partnerships to report their income.
D) Form 1040, Schedule C used by sole proprietorships to report their income.
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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Q48: The deduction for qualified business income applies
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