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March 14, 2023

It depends. 

Assuming that you're referring to Schedule K-1 for Form 1120-S, since it has a line 17, Code V provides Section 199A information. 

You may be allowed a deduction of up to 20% of your Qualified Business Income (QBI), plus 20% of certain real estate investment trust dividends, known as Section 199A dividends.   

You can see whether you're qualified for the deduction depends on factors described in Code V, Section 199A information in the Shareholder's Instructions for Schedule K-1 (Form 1120-S)

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