Margen is single and has taxable income before the QBI deduction of $173,300. Margen owns a sole
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Margen is single and has taxable income before the QBI deduction of $173,300. Margen owns a sole proprietorship (not a professional service) that produced net ordinary income of $180,000and subject to self-employment tax of $21,300. The business paid total W-2 wages of $74,000 and the total unadjusted basis of property held by the business is $120,000. How much is Margen’s QBI deduction?
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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