Henry, a freelance driver, finds passengers using various platforms such as Uber and Grubhub. He is single

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Henry, a freelance driver, finds passengers using various platforms such as Uber and Grubhub. He is single and has no other sources of income. In 2019, Henry’s qualified business income from driving is $61,200. Compute Henry’s QBI deduction and his tax liability.

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South Western Federal Taxation 2020 Corporations, Partnerships, Estates And Trusts

ISBN: 9780357109168

43rd Edition

Authors: William A. Raabe, James C. Young, William H. Hoffman, Annette Nellen, David M. Maloney

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Question Posted: Sep 18, 2019 01:26 PM

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Henry, a freelance driver, finds passengers using various platforms such as Uber and Grubhub. He is single

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9800 Henrys initial QBI Amount is 12240 20 QBI of 61200 He must apply the mod...View the full answer

South Western Federal Taxation 2020 Corporations, Partnerships, Estates And Trusts

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