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Thad a single taxpayer has taxable income before the QBI deduction of $ 2 1 2 , 1 0 0 . Thad, CPA operates an

Thad a single taxpayer has taxable income before the QBI deduction of $212,100. Thad, CPA operates an accounting practice as a single member LLC( which he reports as a sole proprietorship). During 2023 his proprietorship generates qualified business income of $150,000, W-2 wages of $125,000 and $10,000 of qualified property. Assume the QBI amount is net of the self employment tax deduction. What is Thads qualified business income deductions?

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