Jenny, single, operates a sole proprietorship. In 2020, her sole proprietorship generates QBI of $30,000, and her modified taxable income is $11,000. What is the amount of Jenny’s QBI deduction for 2020?
Jenny, single, operates a sole proprietorship. In 2020, her sole proprietorship generates QBI of $30,000, and her modified taxable income is $11,000. What is the amount of Jenny’s QBI deduction for 2020?
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 50P
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Jenny, single, operates a sole proprietorship. In 2020, her sole proprietorship generates QBI of $30,000, and her modified taxable income is $11,000. What is the amount of Jenny’s QBI deduction for 2020? Enter your answer as a positive number.
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