Question
Shelly has $200,000 of QBI from her local jewelry store (a sole proprietorship). Shelly's proprietorship paid $30,000 in W2 wages and has $20,000 of qualified
Shelly has $200,000 of QBI from her local jewelry store (a sole proprietorship). Shelly's proprietorship paid $30,000 in W2 wages and has $20,000 of qualified property. Shelly's spouse earned $75,900 of wages as an employee, and they earned $20,000 of interest income during the year, and they will be filing jointly and using the standard deduction.
Based solely on this information, what is their QBI deduction for 2022?
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
3rd Edition
0470377852, 978-0470377857
