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H and W are married, filing a joint return (MFJ). H has qualified business income (QBI) from his interest in a partnership of $280,000. The
H and W are married, filing a joint return (MFJ). H has qualified business income (QBI) from | |||||||
his interest in a partnership of $280,000. The partnership pays no W-2 wages | |||||||
and has minimal business property. The partnership consists of accountants providing | |||||||
accounting services. H and W meet the exemptions for both the W-2 wage limitation | |||||||
and exclusion of service businesses. | |||||||
H and W have total taxable income of $310,000 | |||||||
What is the amount of the QBI deduction for H and W? |
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