Evan, a single individual, operates a service business that earned $110,000 in 2018. The business has no
Question:
Evan, a single individual, operates a service business that earned $110,000 in 2018. The business has no tangible property and paid no W-2 wages.
a. Compute Evan’s QBI deduction, assuming his overall taxable income before QBI is $125,000.
b. Compute Evan’s QBI deduction, assuming his overall taxable income before QBI is $165,000.
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a Although Evans business is a service business he is eligible to claim the QBI deductio...View the full answer
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Related Book For
Principles Of Taxation For Business And Investment Planning 2020
ISBN: 9781259969546
23rd Edition
Authors: Sally Jones, Shelley Rhoades Catanach
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