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Exclude assets from the qualified business deduction
The
Exclude asset from qualified income deduction
checkbox is only available for assets that qualify for the Qualified Business Income Deduction (QBID). This field only appears in your assets if they meet one of the following criteria:
- It has been 10 years or less from the date it was placed in service, or
- It has been more than 10 years since the asset was placed in service, but the asset is still within its recovery period. The asset can also be in the last full year of the recovery period.