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Donna who is single, is a sole proprietor who owns and operate a small boutique. After taking into account the deduction portion of her self
Donna who is single, is a sole proprietor who owns and operate a small boutique. After taking into account the deduction portion of her selfemployment tax, her qualified business income QBI is $ Shew has no other deductions attibutable to her business.
Donna's only other income for the year is $ in interest income from a personal savings account unrelated to her business She will claim the standar deduction, an her taxable income before the QBI deduction is $
What is Donna's QBI deduction?
; she is not eligible for the deduction
$
$
$
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