Georgette (single, 42), recieved $3,000 in qualified business income (QBI) from an S corporation and real estate

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Georgette (single, 42), recieved $3,000 in qualified business income (QBI) from an S corporation and real estate investment trust (REIT)dividends of $600. Her only other income was $55,000 from wages. Her 2022 taxable income (before the QBI deduction) is $41,150. She has no qualified business income or loss carrying forward from any prior year, nor did she receive any qualified REIT dividends or publicly traded partnership income that carries forward from a prior year. How is her business income deduction? A. $600 B. $720 C. $822 D. $3,600

Posted Date: May 18, 2024 10:14 PM

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Georgette (single, 42), recieved $3,000 in qualified business income (QBI) from an S corporation and real estate

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