Case Study: Write a minimum of one (1) page long single-spaced plus referencing (Work Cited) on a separate page related to the case study below. Must include one (1) primary reference and a minimum of four total (4) references.

Michelle is a freelance clothing designer who has built a successful business over the past ten years. She primarily works with small businesses and individual customers, providing clothing design, branding materials, and marketing graphics. In 2023, Michelle's total gross income from her freelance work was $180,000. The expenses associated with her business include home space, equipment costs, software subscriptions, and supplies come out to be $22,000.

Michelle is unfamiliar with how the Qualified Business Income Deduction (QBI) works and whether or not her freelance business qualifies. She wants to optimize her tax liability for 2023 but needs help understanding the complex rules and limitations of the deduction.

Your task is to write in memo format to Michelle address the following:

1. What is QBI

2. Eligibility for the QBI deduction

3. Evaluate available deduction options

4. Provide and recommend the optimal tax strategy approach

5. Any other tax implication or complexity