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When Incorporating. During the year, J decided to incorporate her boutique, which she has operated as a sole proprietorship for several years. The business has
When Incorporating. During the year, J decided to incorporate her
boutique, which she has operated as a sole proprietorship for several years. The business has various assets including a building, office equipment, accounts receivable, and inventory. Prepare a list of tax-related issues that should be discussed with J concerning the incorporation of her business, including considerations of the special deduction for qualified business income.
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