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Kyra, a single taxpayer, owns and operates a bakery ( as a sole proprietorship ) . The business is not a specified services business. In
Kyra, a single taxpayer, owns and operates a bakery as a sole proprietorship The business is not a "specified services" business. In the business pays $ in W wages, has $ of qualified property, and generates $ of qualified business income. Kyra has no other items of income, deduction, or loss and will take the standard deduction of $
Assume the QBI amount is net of the selfemployment tax deduction.
What is Kyra's QBI deduction?
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