Alice Delvecchio is married and files a joint return with her spouse, Chris Delvecchio. Alice operates a
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Alice Delvecchio is married and files a joint return with her spouse, Chris Delvecchio. Alice operates a small family restaurant called D’s Pizza as a sole proprietor (taxpayer identification number 565-22-4321). She pays wages of $36,000, has qualified property with a basis of $67,000, and the QBI from the restaurant is $100,000. Chris has wages of $250,000 and their joint taxable income before the QBI deduction is $364,000 and includes $12,000 of qualified dividends.
What is the QBI deduction amount?
Related Book For
Taxation for Decision Makers 2014
ISBN: 9781118654545
6th edition
Authors: Shirley Dennis Escoffier, Karen Fortin
Posted Date: