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Zofia is self - employed, files a Schedule C , and owns a qualified business for calculation of QBI. Zofia had $ 6 0 ,
Zofia is selfemployed, files a Schedule C and owns a qualified business for calculation of QBI. Zofia had $ in taxable business income on Schedule C On Zofia sold some office equipment for $ that was purchased on for a cost of $ The office equipment is being depreciated over seven year MACRS halfyear convention. Zofia has no other qualified businesses. Zofia's taxable income for the income limitation is $Hint: it will be useful to use information from Chapter Form Schedule and Form as a guide. Use Table A
Required:
What is the Section depreciation recapture if any on the sale of the office equipment?
What is the selfemployment deduction on the income from Zofias business?
What is Zofias Qualified Business Income QBI for Form
What is Zofias Qualified Business Income Deduction QBID for Form
Assuming there are no other items for Form what amounts will be entered on Line of Form
Assuming there are no other items for Schedule what amounts will be entered on Line of Form
Assuming there are no other items for Schedule what amounts will be entered on Line a of Form
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