Question
Tommy owns and manages his single-member LLC, which provides a wide variety of financial services to his clients. His LLC reports $300,000 of net income.
Tommy owns and manages his single-member LLC, which provides a wide variety of financial services to his clients.
His LLC reports $300,000 of net income.
W-2 wages of $120,000, and assets with an unadjusted basis of $75,000(this is also their modified taxable income),
What is their QBI deduction for 2020?
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Accounting Theory
Authors: Contemporary Accounting Issues
1st Edition
9780324107845
