Thad, a single taxpayer, has taxable income before the QBI deduction of $$212,100.$ Thad, a CPA, operates an accounting practice as a single member LLC $($which he reports as a sole proprietorship$).$ During $2023,$ his proprietorship generates qualified business income of $$150,000,$ W$2$ wages of $$125,000,$ and $$10,000$ of qualified property.