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Calculate the taxpayers 2019 qualifying business income deduction for a qualified trade of business Filing status: single Taxable Income: 180,000 Net Capital Gains: 0 Qualified
Calculate the taxpayers 2019 qualifying business income deduction for a qualified trade of business
Filing status: single
Taxable Income: 180,000
Net Capital Gains: 0
Qualified business Income : 80,000
W-2 Wages: 20,000
Country: U.S.
The previous tudor answered the question incorrectly with 16,000, that was my initial guess. Then I tried 10,000 due to the limitation-that would be 50% of w-2 wages. The check my work function says the answer is 13,684 and i have no idea how they got that
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