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Enola Holmes operates a sole proprietorship that earns $100,000 of qualified business income after deducting employee's wages of $300,000. The sole proprietorship is not a
Enola Holmes operates a sole proprietorship that earns $100,000 of qualified business income after deducting employee's wages of $300,000. The sole proprietorship is not a specified service business. She files a single tax return for 2021. Assume her taxable income before the QB1 deduction is $160,000. Holmes' al deduction for 2021 is
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