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Roberto is single and has taxable income of $530,000 in 2018. As a 25 percent partner in a partnership that produces $820,000 of ordinary income
Roberto is single and has taxable income of $530,000 in 2018. As a 25 percent partner in a partnership that produces $820,000 of ordinary income from manufacturing a product, his share of partnership income is $205,000. The partnership paid $210,000 of W-2 wages and the total unadjusted basis of tangible depreciable business property is $360,000. What is Robertos qualified business income deduction?
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