Jackie is a self-employed attorney. In 2023, he earns $130,000 in qualified business income (QBI). His business pays no wages and has no qualified business property. His 2023 taxable income, before the QBI deduction, is $175,000. What is his QBI deduction in 2023?

Answer rating: 100% (QA)

To calculate Jackies Qualified Business Income QBI deduction for 2023 we need to consider the limita... View the full answer