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Sue is a 50% partner in the SD partnership, which owns a small manufacturing business. In the current year, the business had qualified business income
Sue is a 50% partner in the SD partnership, which owns a small manufacturing business. In the current year, the business had qualified business income of $3.0 million. SD partnership paid W-2 wages of $820,000 and owns depreciable tangible property with an unadjusted basis of $1,560,000. What is Sue's qualified business deduction (ignoring the 1/2 deduction for self-employment taxes)? Sue's qualified business deduction is Ask my instructor
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