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In 2021, 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 2021, 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 2021. If Kellys business is a service business (e.g., accounting), what is Kellys 2021 QBI deduction?
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