Tristan, who is single, operates three sole proprietorships that generate the following information in 2021 (none are
Question:
Tristan, who is single, operates three sole proprietorships that generate the following information in 2021 (none are “specified services” businesses).
Tristan chooses not to aggregate the businesses. She also earns $150,000 of wages from an unrelated business, and her modified taxable income (before any QBI deduction) is $380,000.
a. What is Tristan’s QBI deduction?
b. Assume that Tristan can aggregate these businesses. Determine her QBI deduction if she decides to aggregate the businesses.
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Step by Step Answer:
a The QBI deduction is given by Deduction QBI W2 Wages x 20 Ded...View the full answer
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Related Book For 
South-Western Federal Taxation 2022 Individual Income Taxes
ISBN: 9780357519073
45th Edition
Authors: James C. Young, Annette Nellen, William A. Raabe, Mark Persellin, William H. Hoffman
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