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40. Ellie (a single taxpayer) is the owner of ABC, LLC. The LLC (a sole proprietorship) reports QBI of $900,000 and is not a specified
40. Ellie (a single taxpayer) is the owner of ABC, LLC. The LLC (a sole proprietorship) reports QBI of $900,000 and is not a specified services business. ABC paid total W-2 wages of $300,000, and the total unadjusted basis of property held by ABC is $ 30,000. Ellie's taxable income before the QBI deduction is $740,000 (this is also her modified taxable income). What is Ellie's QBI deduction for 2020? a. $ 75,750. b. $ 148,000. c. $ 150,000. d. $ 180,000. 41. Rod uses his automobile for both business and personal use and claims the automatic mileage rate for all purposes. During 2021, his mileage was as follows: Personal 2,000 Business 9,000 Medical 500 Charitable 1,000 How much can Rod claim for mileage
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