Sanjay is a single taxpayer that operates a curry cart on the streets of Baltimore. The business
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Sanjay is a single taxpayer that operates a curry cart on the streets of Baltimore. The business is operated as a sole proprietorship with no employees (Sanjay does everything). Sanjay’s Schedule C reports income of $87,000. His taxable income is $80,000 and includes no capital gains. Compute Sanjay’s QBI deduction.
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16000 Sanjays QBI deduction ...View the full answer
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Saikumar Ramagiri
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Related Book For 
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
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