F1040-440
IRS Explanation
If Schedule D (Form 1040) is present in the return and Form 1040, ‘QualifiedBusinessIncomeDedAmt’ has a non-zero value, then it must not be greater than 20% of [ (‘AdjustedGrossIncomeAmt’ minus (-) ‘TotalItemizedOrStandardDedAmt’) minus (-) (the sum of ‘QualifiedDividendsAmt’ and (Schedule D (Form 1040), ‘NetLTCapitalGainOrLossAmt’, if greater
than zero plus (+) ‘NetSTCapitalGainOrLossAmt’, if less than zero)) ].
Issue
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Solution
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