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One of the tests for QBI provides that the test is: 25 percent of the W-2 wages: paid by the QTB plus 2.5 percent of

One of the tests for QBI provides that the test is: 25 percent of the W-2 wages: paid by the QTB plus 2.5 percent of the taxpayers share of the unadjusted basis immediately after acquisition of all tangible depreciable property that has not been fully depreciated prior to the close of the taxable year. Explain what property qualifies and what property doesnt and also explain the adjustments required to an existing depreciation schedule.
Question Six: One of the tests for QBI provides that the test is: 25 percent of the W-2 wages: paid by the QTB plus 2.5 percent of the taxpayers share of the unadjusted basis immediately after acquisition of all tangible depreciable property that has not been fully depreciated prior to the close of the taxable year. Explain what property qualifies and what property doesnt and also explain the adjustments required to an existing depreciation schedule.

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