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John and Carol are married and file a joint return. Their taxable income before QBI deduction is $500,000. Tom has $400,000 in net QBI from
John and Carol are married and file a joint return. Their taxable income before QBI deduction is $500,000. Tom has $400,000 in net QBI from his food truck business. He paid salaries to employees of $150,000. (The $150,000 has already been deducted to arrive at the net QBI mount). He purchased a warehouse to part his truck and act as food prep station. His adjusted basis in the property is $500,000. What is the amount to their QBI Deduction? (Ignore any self-employment calculations) A. $50,000 B. $75,000 C. $80,000 D. $100,000 E. None of the amounts listed
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