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Tammy has $220,000 of net income from her neighborhood clothing store (a sole proprietorship). The $220,000 includes $20,000 from the sale of shoes. Tammy's spouse
Tammy has $220,000 of net income from her neighborhood clothing store (a sole proprietorship). The $220,000 includes $20,000 from the sale of shoes. Tammy's spouse earned $50,000 of wages as an employee, they will be filing jointly for 2020. They will take the standard deduction of $24,400 for 2020. What is their QBI deduction for 2020? None of these $44,000 $49,120 $54,000 $50,000
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