In 2018, Tracy generates a $10,000 loss from an otherwise qualified business activity. Fortunately, she also works

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In 2018, Tracy generates a $10,000 loss from an otherwise qualified business activity. Fortunately, she also works as an employee and has taxable income of $40,000. Tracy’s 2018 QBI deduction is 

a. $0 

b. $2,000 

c. $8,000 

d. $6,000

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Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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