Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

eBook Calculator Print Item Problem 2-39 (LO. 4) Tristan, who is single, operates three sole proprietorships that generate the following information in 2019 (none are

image text in transcribed
eBook Calculator Print Item Problem 2-39 (LO. 4) Tristan, who is single, operates three sole proprietorships that generate the following information in 2019 (none are specified services businesses). Business W-2 Wages Capital Investment $300,000 $90,000 (135,000) 60,000 150,000 Tristan chooses not to aggregate the businesses. She also earns $150,000 of wages from an unrelated business, and her modified taxable income (before any QBI deduction) is $380,000. Assume the QBI amount is net of the self-employment tax deduction. a. What is Tristan's QBI deduction? b. Assume that Tristan can aggregate these businesses. Determine her QBI deduction if she decides to aggregate the businesses. $ 13,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Executive Roadmap To Fraud Prevention And Internal Control Creating A Culture Of Compliance

Authors: Joel T. Bartow, Martin T. Biegelman

2nd Edition

1118004582, 9781118004586

More Books

Students also viewed these Accounting questions