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Kyra, a single taxpayer, owns and operates a bakery ( as a sole proprietorship ) . . . . Description Kyra, a single taxpayer, owns
Kyra, a single taxpayer, owns and operates a bakery as a sole proprietorship
Description
Kyra, a single taxpayer, owns and operates a bakery as a sole proprietorship The business is not a "specified services" business, In the buwness pays $ of W wages, hos $ of qualified property, and generates $ of qualffied bensiness income. Kyra also has a parttime job earning wages of $ and receives of interest income. Her standard deduction is Assume the QBI amount is net of the seltemployment tax deduction. What is Kyra's tentatwe QBI based on the W WagesCapital Investment Limit? Determine Kyra's allowable QBI deduction. x
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