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Tanuja Singh is a CPA and operates her own accounting firm (Singh CPA, LLC). As a single-member LLC, she reports her accounting firm operations as

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Tanuja Singh is a CPA and operates her own accounting firm (Singh CPA, LLC). As a single-member LLC, she reports her accounting firm operations as a sole proprietor Tanuja has QBI from her accounting firm of $540,000, reports W-2 wages of $156,000, and the unadjusted basis of property used in the LLC is $425,000. Tanuja is married and will file a joint tax return with her spouse. Their taxable income before the QB1 deduction is $475,000, and their modified taxable income is $448,000. What is Tanuja's QBI deduction for 2019, a. $78,000 Ob.s-o. C. $49,625. Ed. 589,600. Ce. None of these choices are correct

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