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1. Evan, a single individual, operates a service business that earned $110,000 in 2020. The business has no tangible property and paid no W-2 wages.
1. Evan, a single individual, operates a service business that earned $110,000 in 2020. 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 $175,000.
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