Question
This tax year, Jack and Jill file married filing jointly. Their modified taxable income is $426,800. Jack operates a business that is a SSTB operating
This tax year, Jack and Jill file married filing jointly. Their modified taxable income is $426,800. Jack operates a business that is a SSTB operating as a S Corporation with $300,000 of income, and it paid $150,000 of W-2 wages paid to Jack, its only employee.
What is Jack and Jill’s QBI deduction amount for this tax year?
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The QBI deduction amount for Jack and Jill is ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
