Question
. Thad a single tax payer has taxable income before the QBI deduction of $187,500. Thad a CPA operates an accounting practice as a single
. Thad a single tax payer has taxable income before the QBI deduction of $187,500. Thad a CPA operates an accounting practice as a single member LLC(which he reports as a sole proprietorship). During 2018, his proprietorship reports net income of $150,000, W2 wages of $125,000, and $10,000 of qualified property.
What is Thad's qualified business income deduction?
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
5th Edition
0324233108, 978-0324233100
