Business, 29.02.2020 22:12 sgslayerkingminecraf

Thad, a single taxpayer, has taxable income before the QBI deduction of $173,000. Thad, a CPA, operates an accounting practice as a single member LLC (which he reports as a sole proprietorship). During 2019, his proprietorship generates qualified business income of $138,400, W-2 wages of $103,800, and $13,600 of qualified property. What is Thad's qualified business income deduction?

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Thad, a single taxpayer, has taxable income before the QBI deduction of $173,000. Thad, a CPA, opera...

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