Question
Dustin, who is single, generates sole proprietorship income of $340,000 from his financial services practice. He does not have any employees or qualified assets. Which
Dustin, who is single, generates sole proprietorship income of $340,000 from his financial services practice. He does not have any employees or qualified assets. Which of the following is correct?
a. Dustin is not entitled to a QBI deduction.
b. Dustin is entitled to a partial QBI deduction.
c. Dustin is entitled to a QBI deduction of $68,000.
d. None of the above statements are correct.
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
10th edition
9780077515904, 007802529X, 77515900, 978-0078025297
