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Calculate the taxpayer's 2019 qualifying business income deduction for a qualified trade or business: Filing status: Single Taxable income: $180,000 Net capital gains: $0 Qualified

Calculate the taxpayer's 2019 qualifying business income deduction for a qualified trade or business:

Filing status: Single
Taxable income: $180,000
Net capital gains: $0
Qualified business income (QBI): $80,000
W2 wages: $20,000

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