Arthur is a tax preparer doing business as a sole proprietor. Under what circumstances could he receive

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Arthur is a tax preparer doing business as a sole proprietor. Under what circumstances could he receive a pass-through deduction that is not limited as a result of it being an SSTB?

A) Only if Arthur were a CPA.

B) Only if Arthur's business is aggregated with another business that is not an SSTB.

C) Only if Arthur's taxable income does not exceed the applicable threshold.

D) Only if Arthur's business' QBI does not exceed the applicable threshold.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Dec 30, 2023 05:08 AM

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Arthur is a tax preparer doing business as a sole proprietor. Under what circumstances could he receive

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The passthrough deduction also known as the Qualified Business Income QBI deduction is subject to ce... View the full answer

Income Tax Fundamentals 2013

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