Rose, a single taxpayer, reported $175,000 of taxable income from her sole proprietorship, which is a specified service trade or business. She paid $23,000 in self-employment taxes and $13,000 in self-employed health insurance. Assume the following income threshold: tier 1 less than $182,100; tier 2 between $182,100 and $232,100; tier 3 greater than $232,100. 

Calculate the QBI deduction available to Rose.

Answer rating: 100% (QA)

To calculate the Qualified Business Income QBI deduction available to Rose we need to consider the t... View the full answer