Grace is single and her share of qualified business income from a partnership is $95,000. Her total
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Grace is single and her share of qualified business income from a partnership is $95,000.
Her total taxable income from all sources, before taking the 20% deduction for QBI, is $102,000.
What is the amount of the Section 199A qualified business income deduction that Olivia can take this year?
Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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