Can someone please help me figure out how to find the qualified business income for this problem?
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Can someone please help me figure out how to find the qualified business income for this problem?
Maria and Javier are the equal partners in MarJa, a partnership that is a qualifying trade or business. In the current year, MarJa generated $245,000 of ordinary income after reporting $294,000 in guaranteed payments to Maria
and Javier for their services to MarJa ($147,000 each).
Related Book For
South-Western Federal Taxation 2019 Comprehensive
ISBN: 9781337703017
42th Edition
Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young
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