$3.$

Arthur is a tax preparer doing business as a sole proprietor. Under what circumstances could he receive a passthrough deduction that is not limited as a result of it being an SSTB$?$

A$)$ Only if Arthur were a CPA.

B$)$ Only if Arthur's business is aggregated with another business that is not an SSTB$.$

C$)$ Only if Arthur's taxable income does not exceed the applicable threshold.

D$)$ Only if Arthur's business' QBI does not exceed the applicable threshold.

$4.$

Steve, an independent contractor, performed roofing work and was paid for his services with digital assets. How does Steve report the value of his digital assets payment when filing his income tax return?

A$)$ Digital assets do not need to be reported to the IRS.

B$)$ The value of the digital assets in U$.$S$.$ dollars at the time received as compensation.

The value of the digital assets in U$.$S$.$ dollars at the end of the tax year.

D$)$ The highest value of the digital asset achieved during the tax year.