subject
Business, 27.06.2020 03:01 aalyyy

Paul owns 100% of PBL, LLC. The LLC reports as a sole proprietorship. The LLC has QBI of $700,000 and is NOT a "specified services" business. PBL paid a total W-2 wages of $150,000, and the total unadjusted basis of the property held by PBL is $150,000. Paul’s taxable income before the QBI deduction is $800,000. What is Paul’s QBI deduction for 2019?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 09:00
What should a food worker use to retrieve ice from an ice machine?
Answers: 1
question
Business, 22.06.2019 16:00
Which plan offers a tax-free education?
Answers: 1
question
Business, 22.06.2019 21:00
At present, the united states has an embargo against north korea because a. the two countries have extremely poor political relations. b. north korea will not adopt a capitalist government. c. north korean products are too difficult to use. d. north korea has an embargo on american products. e. products from north korea are in higher demand than american-made products.
Answers: 2
question
Business, 23.06.2019 01:30
True or false: it is generally better to concentrate your exercise time on the weekends only for maximum aerobic benefit.
Answers: 1
You know the right answer?
Paul owns 100% of PBL, LLC. The LLC reports as a sole proprietorship. The LLC has QBI of $700,000 an...
Questions
question
Mathematics, 02.04.2020 03:08
question
Mathematics, 02.04.2020 03:08
Questions on the website: 13722361