Evan, a single individual, operates a service business that earned $110,000 in 2018. The business has no

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Evan, a single individual, operates a service business that earned $110,000 in 2018. The business has no tangible property and paid no W-2 wages.

a. Compute Evan’s QBI deduction, assuming his overall taxable income before QBI is $125,000.

b. Compute Evan’s QBI deduction, assuming his overall taxable income before QBI is $165,000.

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Principles Of Taxation For Business And Investment Planning 2020

ISBN: 9781259969546

23rd Edition

Authors: Sally Jones, Shelley Rhoades Catanach

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Question Posted: Aug 12, 2020 04:42 AM

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Evan, a single individual, operates a service business that earned $110,000 in 2018. The business has no

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a Although Evans business is a service business he is eligible to claim the QBI deductio...View the full answer

Principles Of Taxation For Business And Investment Planning 2020

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