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PLEASE SHOW ALL THE WORK Question 3 Susan, a single taxpayer, owns and operates a bakery as a sole proprietorship. The business is not a
PLEASE SHOW ALL THE WORK
Question 3 Susan, a single taxpayer, owns and operates a bakery as a sole proprietorship. The business is not a specified services business. In 2019, the business pays $100,000 in W-2 wages, holds property, and reports $350,000 of qualified business income (all of which is qualified business income). Susan has no other items of income or loss and will take the standard deduction. Assume the QBI amount is net of the self-employment tax deduction. What is Susan's qualified business income deductionStep by Step Solution
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