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Diana and Charles are MFJ in 2022. Their taxable income before QBI deduction is $500,000, and they have $400,000 in QBI from the restaurant they
Diana and Charles are MFJ in 2022. Their taxable income before QBI deduction is $500,000, and they have $400,000 in QBI from the restaurant they own. They paid their five employees $220,000 in W-2 wages. They own the building in which the restaurant is located. They bought it 4 years ago for $600,000, and the land was worth $100,000.
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South Western Federal Taxation 2023 Comprehensive Volume
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young
46th Edition
0357719689, 9780357719688
