Bill Jones files jointly with his wife. Bill and his wife have AGI for 2023 of $493,050 and will not itemize. GiraffeGroom LLC generates qualified business income of $1,215,000. Bill owns 40% of the LLC. Bill has no REIT dividends or publicly traded partnership income. Included in the $493,050 AGI balance is a net capital gain of $55,000. GiraffeGroom LLC paid wages of $300,000 and has unadjusted basis of qualified property of $90,000