Question
Arthur is a tax preparer doing business as a sole proprietor. Under what circumstances could he receive a pass-through deduction that is not limited as
Arthur is a tax preparer doing business as a sole proprietor. Under what circumstances could he receive a pass-through 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.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
The passthrough deduction also known as the Qualified Business Income QBI deduction is subject to ce...
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Step: 2
Step: 3
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
