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Ashley ( a single taxpayer ) is the owner of ABC LLC . The LLC ( which reports as a sole proprietorship ) generates QBI

Ashley (a single taxpayer) is the owner of ABC LLC. The LLC (which reports as a sole proprietorship) generates 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. Ashley's taxable income before the QBI deduction is $740,000(this is also her modified taxable income).
What is Ashley's QBI deduction for 2024?
Kyra, a single taxpayer, owns and operates a bakery (as a sole proprietorship). The business is not a "specified services" business. In 2024, the business pays $60,000 of W-2 wages, has $150,000 of qualified property, and generates $200,000 of qualified business income. Kyra also has a part-time job earning wages of $22,800 and receives $3,800 of interest income. Her standard deduction is $14,600.
Assume the QBI amount is net of the self-employment tax deduction.
What is Kyra's tentative QBI based on the W-2 Wages/Capital Investment Limit?
$ Determine Kyra's allowable QBI deduction.
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