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Taylor has $207,450 of QBI (net of the self-employment tax deduction) from her accounting practice operated as a single member LLC (which she reports as
Taylor has $207,450 of QBI (net of the self-employment tax deduction) from her accounting practice operated as a single member LLC (which she reports as a sole proprietorship). Taylors proprietorship paid $120,000 in W-2 wages and has $10,000 of qualified property. She also earned $20,000 short-term capital gains during the year. Assuming Taylor, age 60, is single without dependents and does not itemize, compute her QBI deduction for the current year
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