During the current year, Marilyn earned $115,000 as an accounting consultant. a. If she has no other

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During the current year, Marilyn earned $115,000 as an accounting consultant.

a. If she has no other income besides a $20,000 capital gain, how much can she claim as a QBI deduction (please ignore the 50% self-employment tax deduction)?

b. If she is married and files jointly with her husband, who makes $600,000 a year as an attorney, how much can she claim as a QBI deduction?

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Pearsons Federal Taxation 2023 Individuals

ISBN: 9780137700127

36th Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse

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Question Posted: Sep 28, 2023 04:15 PM

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During the current year, Marilyn earned $115,000 as an accounting consultant. a. If she has no other

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a If Marilyn is single her AGI will be less than the 164900 ...View the full answer

Pearsons Federal Taxation 2023 Individuals

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