Question
Nareen is single, 68 years old, and reports the following in 2019: a. $12,000 alimony received (divorced in 2010) b. $82,520 Schedule C profit c.
Nareen is single, 68 years old, and reports the following in 2019: a. $12,000 alimony received (divorced in 2010) b. $82,520 Schedule C profit c. $3,500 SEP (self-employed pension) plan contribution d. $7,150 qualified dividends e. $10,455 total itemized deductions f. $11,660 self-employment tax g. $7,320 LTCG h. $498 interest income i. $8,450 self-employed health insurance What is Nareens 2019 QBI deduction?
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Financial Accounting
Authors: Walter T. Harrison, Charles T. Horngren
6th Edition
0131499459, 978-0131499454
