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Edina (a single taxpayer) is the owner of Candic, LLC. For 2021 the LLC (a sole proprietorship) reports QBI of $210,000 and is not a
- Edina (a single taxpayer) is the owner of Candic, LLC. For 2021 the LLC (a sole proprietorship) reports QBI of $210,000 and is not a specified services business. Candic paid total W-2 wages of $300,000, and its total unadjusted basis of property is $30,000. Edinas taxable income before the QBI deduction is $160,000 (this is also her modified taxable income). What is her QBI deduction?
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Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian Edition volume 2
013269008X, 978-0133122855, 133122859, 978-0132690089
