Calculate the QBI deduction for Nasir, who is filing single. His taxable income before any QBI deduction is $235,000. His QBI is $60,000. He is not engaged in an SSTB. He did not have any capital gains. He had $22,000 of Form W-2 wages. $5,500 $11,000 $12,000 $47,000
Calculate the QBI deduction for Nasir, who is filing single. His taxable income before any QBI deduction is $235,000. His QBI is $60,000. He is not engaged in an SSTB. He did not have any capital gains. He had $22,000 of Form W-2 wages. $5,500 $11,000 $12,000 $47,000
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter11: Individuals As Employees And Proprietors
Section: Chapter Questions
Problem 32P
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Question
Calculate the QBI deduction for Nasir, who is filing single. His taxable income before any QBI deduction is $235,000. His QBI is $60,000. He is not engaged in an SSTB. He did not have any
$5,500
$11,000
$12,000
$47,000
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