Business, 24.06.2020 01:01 limitbreak7897

Ellie (a single taxpayer) is the owner of ABC, LLC. The LLC (a sole proprietorship) reports QB) of $ 900,000 and is not a specified services business. ABC paid total W-2 wages of $300,000, and the total unadjusted basis of property held by ABC is $ 30,000. Ellie's taxable income before the QBI deduction is $ 740,000 (this is also her modified taxable income). What is Ellie's QBI deduction for 2019?

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Ellie (a single taxpayer) is the owner of ABC, LLC. The LLC (a sole proprietorship) reports QB) of $...

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