Lana and Luke are married and have a taxable income of $305.000. Their share of the income
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Question:
Lana and Luke are married and have a taxable income of $305.000. Their share of the income from an accounting partnership is $250,000. The accounting partnership pays a total of $90,000 in W-2 wages. Under Sec. 199A, what is their allowable qualified business income deduction for the partnership?
Expert Answer:
To calculate Lana and Lukes allowable qualified business income deduction QBID fo... View the full answer
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