B17. Calculate the QBI deduction for Ned, who is filing single. His taxable income before any QBI deduction is $164,900. He is not engaged in an SSTB. His QBI is $60,000. He did not have any capital gains. He had $15,000 of qualified wages and $35,000 of qualifying property. $4,625 $7,500 $12,000 $32,980

B17. Calculate the QBI deduction for Ned, who is filing single. His taxable income before any QBI deduction is $164,900. He is not engaged in an SSTB. His QBI is $60,000. He did not have any capital gains. He had $15,000 of qualified wages and $35,000 of qualifying property. $4,625 $7,500 $12,000 $32,980

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter12: Alternative Minimum Tax

Section: Chapter Questions

Problem 30P

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Calculate the QBI deduction for Ned, who is filing single. His taxable income before any QBI deduction is $164,900. He is not engaged in an SSTB. His QBI is $60,000. He did not have any capital gains. He had $15,000 of qualified wages and $35,000 of qualifying property. $4,625 $7,500 $12,000 $32,980
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