SER @ Pa Lo 7 8 9 6 O Dette am 7 Y u 9 Pue P C 5 G Enter H J K L 1 V N M TS EL Curl O insert Dalare Test - Qualified Business Income Deduction (2020) 961448 Section 3 Question 5 of 15 Rita, a single taxpayer, has net Schedule income of $150,000 from a specified service trade or business. She does not any other mess wome. She also has W.2 income, and her taxable income for the year exceeds $210,699. As Rita's tax preparer, what information will you share was ver regarding her eligibility to claim the qualified business income deduction? O unfortunately, she is not entitled to the deduction on her 2019 retum, since her taxable income is over the top threshold She qualifies for the deduction, but the amount will be limited based on her income She qualities for the deduction, which will apply to 20% of her taxable income She qualifies for the deduction, which will apply to 20% of her net Schedule Cincome. Mark for follow up OOC Question 6 of 15 Aller applying all the limitations, Jack has a QBi component of $1,500 for one business and $2,000 for the second business. He also had REIT dins norail deduction before the ordinary taxable income limitation? SER @ Pa Lo 7 8 9 6 O Dette am 7 Y u 9 Pue P C 5 G Enter H J K L 1 V N M TS EL Curl O insert Dalare Test - Qualified Business Income Deduction (2020) 961448 Section 3 Question 5 of 15 Rita, a single taxpayer, has net Schedule income of $150,000 from a specified service trade or business. She does not any other mess wome. She also has W.2 income, and her taxable income for the year exceeds $210,699. As Rita's tax preparer, what information will you share was ver regarding her eligibility to claim the qualified business income deduction? O unfortunately, she is not entitled to the deduction on her 2019 retum, since her taxable income is over the top threshold She qualifies for the deduction, but the amount will be limited based on her income She qualities for the deduction, which will apply to 20% of her taxable income She qualifies for the deduction, which will apply to 20% of her net Schedule Cincome. Mark for follow up OOC Question 6 of 15 Aller applying all the limitations, Jack has a QBi component of $1,500 for one business and $2,000 for the second business. He also had REIT dins norail deduction before the ordinary taxable income limitation