Thad, a single taxpayer, has taxable income before the QBI deduction of $ 2 1 2 ,
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Question:
Thad, a single taxpayer, has taxable income before the QBI deduction of $ Thad, a CPA, operates an accounting practice as a single member LLC which he reports as a sole proprietorship During his proprietorship generates qualified business income of $ W wages of $ and $ of qualified property.
Assume the QBI amount is net of the selfemployment tax deduction.
What is Thad's qualified business income deduction?
Related Book For
South-Western Federal Taxation 2019 Comprehensive
ISBN: 9781337703017
42th Edition
Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young
Posted Date: