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For tax years that begin after Dec. 31, 2017 and before Jan. 1, 2026, noncorporate taxpayers that meet certain requirements may claim an income tax deduction under Code Sec. 199A of 20% of their “qualified business income” (QBI) from a partnership, S corporation, or sole proprietorship. Code Sec. 199A allows noncorporate taxpayers to deduct 20% of their “qualified business income” (QBI) from a partnership, S corporation, or sole proprietorship, as well as 20% of aggregate qualified REIT dividends, qualified cooperative … Continued