Question
Tammy has $200,000 of QBI from her neighborhood clothing store (a sole proprietorship).Tammy's proprietorship paid $30,000 in W-2 wages and has $20,000 of qualified property.
Tammy has $200,000 of QBI from her neighborhood clothing store (a sole proprietorship).Tammy's proprietorship paid $30,000 in W-2 wages and has $20,000 of qualified property. Tammy's spouse earned $50,000 of wages as an employee of another company and they jointly earned $20,000 of interest income during the year. They will be filing jointly. What is their QBI deduction for 2018?
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Given details Tammy and his wife MFJ Married Filing Jointly Qualified Business Income QBI 200000 W2 ...
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South Western Federal Taxation 2020 Corporations, Partnerships, Estates And Trusts
Authors: William A. Raabe, James C. Young, William H. Hoffman, Annette Nellen, David M. Maloney
43rd Edition
357109163, 9780357109748, 978-0357109168
