Problem $4-47($LO $4-3)($Static$)$

Skip to question

$[$The following information applies to the questions displayed below.$]$

Sofia $($single$)$ is a $50$ percent owner in Beehive LLC $($taxed as a partnership$).$ Sofia does not do any work for Beehive. Beehive LLC reported $$600,000$ of taxable business income for the year. Before considering her $50$ percent business income allocation from Beehive and the self$-$employment tax deduction $($if any$),$ Sofia's adjusted gross income is $$150,000($all employee salary$).$ Sofia has $$35,000$ in itemized deductions. Answer the following questions for Sofia.

Note: Leave no answer blank. Enter zero if applicable.

Problem $4-47$ Part b $($Static$)$

b$.$ Assuming the income allocated to Sofia is not from a specified service trade or business, what is Sofia's deduction for qualified business income? Assume Sofia's share of wages paid by Beehive LLC is $$130,000$ and her share in the unadjusted basis of qualified property used by Beehive was $$300,000.$