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Can someone please help me figure out how to find the qualified business income for this problem? Maria and Javier are the equal partners in
Can someone please help me figure out how to find the qualified business income for this problem?
Maria and Javier are the equal partners in MarJa, a partnership that is a qualifying trade or business. In the current year, MarJa generated $245,000 of ordinary income after reporting $294,000 in guaranteed payments to Maria
and Javier for their services to MarJa ($147,000 each).
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Step: 1
Calculation of the qualified business income QBI for MarJa The QBI deduction allows eligible selfemp...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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