Question: PLEASE SHOW ALL THE WORK Question 1 Ashley (a single taxpayer) is the sole owner of ABC LLC. The LLC (treated as a sole proprietorship

PLEASE SHOW ALL THE WORK Question 1 Ashley (a single taxpayer)

PLEASE SHOW ALL THE WORK

Question 1 Ashley (a single taxpayer) is the sole owner of ABC LLC. The LLC (treated as a sole proprietorship for Federal income tax purposes) reports QBI of $900,000 and is not a specified services business. ABC paid total W-2 wages of $300,000, and the total unadjusted basis of property held by ABC is $30,000. Ashley's taxable income before the QBI deduction is $740,000 (this is also her modified taxable income). What is Ashley's QBI deduction for 2019

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