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Ashley (a single taxpayer) is the owner of ABC LLC. The LLC (a sole proprietorship) generates QBI of $900,000 and is not a specified
Ashley (a single taxpayer) is the owner of ABC LLC. The LLC (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 qualified 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 2021? 45,000 X
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
