Question
Ginger is a self-employed driver finding rides via a few different platform companies such as Lyft. She is single and claims the $12,400 standard deduction.
Ginger is a self-employed driver finding rides via a few different platform companies such as Lyft. She is single and claims the $12,400 standard deduction. For 2020, her income from driving is $67,000 and she has no other income. Ginger’s QBI deduction for 2020 is $13,400 ($67,000 x 20%). Discuss ?
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
