Problem $15-35($LO$.3,4)$

Kyra, a single taxpayer, owns and operates a bakery $($as a sole proprietorship$).$ The business is not a "specified services" business. In $2023,$ the business pays $$60,000$ of W$2$ wages, has $$150,000$ of qualified property, and generates $$200,000$ of qualified business income. Kyra also has a part$-$time job earning wages of $$12,200$ and receives $$3,650$ of interest income. Her standard deduction is $$13,850.$

Assume the QBI amount is net of the self$-$employment tax deduction.

What is Kyra's tentative QBI based on the W$2$ Wages$/$Capital Investment Limit?

$fill in the blank $1$

$30,000$

Determine Kyra's allowable QBI deduction. $($ANSWER IS NOT $32,580)$

$fill in the blank $2$