Renaldo is a single taxpayer who reports $80,000 of gross income and $50,000 of ordinary and necessary business expenses, resulting in$30,000 of net profits on his schedule C from his law practice. He had no self-employed health deductions and 1/2 of the self-employment tax is $2,295. How much is Renaldo's deduction for QBI?

Answer rating: 100% (QA)

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