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Eddie, who is single, is a 50% partner in a manufacturing company. He is in the top tax bracket. The partnership has generated $2.4 million
Eddie, who is single, is a 50% partner in a manufacturing company. He is in the top tax bracket. The partnership has generated $2.4 million of qualified business income. The partnership paid W-2 wages of $704,000 and owns depreciable tangible property with an unadjusted basis of $960,000. What is eddie's qualified business income(ignoring self-employment taxes) assuming he has $1,800,000 of taxable income, with no capital gains, before this deduction
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