Question
Need help with this question please show your work. 6. Ashley (a single taxpayer) is the owner of ABC, LLC. The LLC (a sole proprietorship)
Need help with this question please show your work.
6. Ashley (a single taxpayer) is the owner of ABC, LLC. The LLC (a sole proprietorship) reports QBI of $900,000 and is not a specified services business. ABC paid total W-2 wages of $300,000, and the total unadjusted basis of property held by ABC is $30,000. Ashleys taxable income before the QBI deduction is $740,000 (this is also her modified taxable income). What is Ashleys QBI deduction for 2020?
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
