Eric, who is single, has income from his Schedule C of $150,000. His taxable income is $120,000

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Eric, who is single, has income from his Schedule C of $150,000. His taxable income is $120,000 after his other deductions. What is Eric’s QBI deduction for 2019?

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Fundamentals Of Taxation 2020 Edition

ISBN: 9781260483147

13th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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Question Posted: Dec 23, 2019 06:17 AM

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Eric, who is single, has income from his Schedule C of $150,000. His taxable income is $120,000

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The 20 deduction is from AGI so this deduction does not affect any ...View the full answer

Fundamentals Of Taxation 2020 Edition

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