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Roquan, a single taxpayer, is an attorney and practices as a sole proprietor. This year, Roquan had net profit from self-employment of $97,455 from his
Roquan, a single taxpayer, is an attorney and practices as a sole proprietor. This year, Roquan had net profit from self-employment of $97,455 from his law practice. The deductible portion of his self-employment taxes is $7,455. His taxable income before the deduction for qualified business income is $100,000.
Calculate Roquans deduction for qualified business income.
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