Problem 4-16 Qualified Business Incume (QB) Deduction (LO 4.10) Rob Wriggle operates a small plumbing supplies business as a sole proprietor In 2021, the plumbing business has press business income of $421,000 and business expenses of $257,000, including wages paid of $58,000. The business sold some land that had been held for investment generating a long-term capital gain of $15,000. The business has $300,000 of qualified business property in 2021. Rob's wife, Marie, has wage income of $250,000. They jointly sold stacks in 2021 and generated a long-term capital gain of $13,000. Rob and Marie have no dependents and in 2021, they take the standard deduction of $25,100 The income threshold for Qe1 imitations starts at $321,400 for married filing jointly taxpayers What is Rob and Marie's taxable income before the QBL deduction 406,900 The Qt deduction is a new deduction for individual taxpayers reporting income from a pass through entity such as a sole proprietorship, partnership, limited ability company or corporation. The Off deductions available to (OR) from the pass through ently. However, the 081 deduction is subject to a number of Smitations and What is Rib and Harle's O 154.000