Your client, Jill, has a rapidly growing marketing business. She's filing single and projecting a profit of $500,000 for her business, a Single Member LLC which is filing on Schedule C. Her taxable income will be $450,000 for 2023. She has no other employees and the company has purchased no assets over its time in business. What amount of Qualified Business Income deduction will she receive, if she stays on Schedule C? Review Later Zero $100,000 $95,946 $90,000

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Jill can potentially receive a Qualifie... View the full answer