In the current year, Janet has taxable income of 170,000 consisting of the followinf: w-2 wages 15,000.
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In the current year, Janet has taxable income of 170,000 consisting of the followinf: w-2 wages 15,000. QBI -qualifying net rental income 85000. net long-term capital gain 90,000. itemized deductions 20,000. What is Janets qualified business income deduction for the year?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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