Tammy is single and owns and operates ABC, LLC. Her LLC (a sole proprietorship) has QBI...
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Tammy is single and owns and operates ABC, LLC. Her LLC (a sole proprietorship) has QBI of $850,000 and is not a specified services business. She paid total W-2 wages of $300,000, and the total unadjusted basis of property held is $30,000. Tammy's taxable income before the QBI deduction is $640,000 (this is also her modified taxable income). What is Tammy's QBI deduction for 2021? O $75,750 O $128,000 O $150,000 O $170,000 Tammy is single and owns and operates ABC, LLC. Her LLC (a sole proprietorship) has QBI of $850,000 and is not a specified services business. She paid total W-2 wages of $300,000, and the total unadjusted basis of property held is $30,000. Tammy's taxable income before the QBI deduction is $640,000 (this is also her modified taxable income). What is Tammy's QBI deduction for 2021? O $75,750 O $128,000 O $150,000 O $170,000
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Related Book For
South Western Federal Taxation 2020 Corporations, Partnerships, Estates and Trusts
ISBN: 9780357109168
43rd edition
Authors: William A. Raabe, James C. Young, William H. Hoffman, Annette Nellen, David M. Maloney
Posted Date:
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