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FACTS: Clients A & B-Single taxpayer operating golf store as a sole proprietor. Invesment income as listed below. For QBI limitation: W-2 wages =

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FACTS: Clients A & B-Single taxpayer operating golf store as a sole proprietor. Invesment income as listed below. For QBI limitation: W-2 wages = 120,000; Unadjusted depreciable property = 180,000 Client C Single taxpayer operating CPA practice as a sole proprietor. Same W-2 wages and depreciable property as above. QUESTION: What is the current year QBI deduction? (hint-follow the steps 1-3 in slide deck)

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