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Kyra, a single taxpayer, owns and operates a bakery ( a s a sole proprietorship ) . The business i s not a specified services
Kyra, a single taxpayer, owns and operates a bakery a sole proprietorship The business not a "specified services" business.
the business pays $ wages, has $ qualified property, and generates $ qualified business
income. Kyra also has a parttime job earning wages $ and receives $ interest income. Her standard deduction
$
Assume the QBI amount net the selfemployment tax deduction.
What Kyra's tentative QBI based the Wageapital Investment Limit?
Determine Kyra's allowable QBI deduction.
$
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