John is single and owns a tree service business. He also has a part-time job in the evenings. He files a Schedule C to report his business income. After expenses, his net profit is $60,000. His W-2 income is $20,000, and his taxable income is $67,800. His SE tax is $8,478. What is John's QBI deduction on line 15 of Form 8995?

Answer rating: 100% (QA)

To calculate Johns QBI Qualified Business Income deduction on line 15 of Form 8995 we need to consid... View the full answer