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Ron is singe and owns Blue Fitness as a sole proprietorship in 20X0. During the year, Blue Fitness generates $75,000 of Qualified Business Income (QBI).
Ron is singe and owns Blue Fitness as a sole proprietorship in 20X0. During the year, Blue Fitness generates $75,000 of Qualified Business Income (QBI). Rons Adjusted Gross Income for the year 20X0 is $150,000. Ron has no income from interest, dividends, or capital gains. What is Rons QBI deduction for 20X0?
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$0.
$10,000.
$15,000.
$25,000.
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