Alice and Bob, married filing jointly, own AB, LLC (which they tax as a partnership). The LLC
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Question:
Alice and Bob, married filing jointly, own AB, LLC (which they tax as a partnership). The LLC is not a specified service business and has QBI of $800,000 after all applicable deductions. AB paid total W-2 wages of $300,000, and the total unadjusted basis of property held by ABC is $4,000,000. Their taxable income before the QBI deduction is $1,000,000. What is their QBI deduction for the current year?
Group of answer choices
$0
$150,000
$160,000
$200,000
Related Book For
Vector Mechanics for Engineers Statics and Dynamics
ISBN: 978-0073212227
8th Edition
Authors: Ferdinand Beer, E. Russell Johnston, Jr., Elliot Eisenberg, William Clausen, David Mazurek, Phillip Cornwell
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