Question
Dolly, a single taxpayer, has $400,000 of business income from her coffee store that she operates as a sole proprietorship. She has $100,000 of employee
Dolly, a single taxpayer, has $400,000 of business income from her coffee store that she operates as a sole proprietorship. She has $100,000 of employee wages, $40,000 of qualified property, and $500,000 of taxable income before the deduction for qualified business income (QBI). How much is Dolly's QBI deduction?
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Think Like A Millionaire Auditor How To Build Practical Efficiency Increase Revenue And Experience Peace Of Mind That Will Transform Your Business Leadership And Life
Authors: Michael J. Harrison
1st Edition
B0B6XJBHR7, 979-8838447821
