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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 $ of W wages, has $ of qualified property, and generates $ of qualified business 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 selfemployment tax deduction.
What is Kyra's tentative QBI based on the W WagesCapital Investment Limit?
Determine Kyra's allowable QBI deduction.
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