This tax year, Jack and Jill file married filing jointly. Their modified taxable income is $426,800. Jack operates a business that is a SSTB operating as a S Corporation with $300,000 of income, and it paid $150,000 of W-2 wages paid to Jack, its only employee.

What is Jack and Jill’s QBI deduction amount for this tax year?

Answer rating: 100% (QA)

The QBI deduction amount for Jack and Jill is ... View the full answer