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In 2020, Kelly has qualified business income from her Schedule C small business of $178,000. She files jointly with her spouse and their taxable income
In 2020, Kelly has qualified business income from her Schedule C small business of $178,000. She files jointly with her spouse and their taxable income is $214,000. They have no capital gains or qualified dividends in 2020. If Kelly's business is a service business (e.g., accounting), what is Kelly's 2020 QBI deduction?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
