Business, 30.10.2020 16:50 jdiffenbaugh115

Taylor, a single taxpayer, has taxable income before the QBI deduction of $193,300 in 2020. Taylor, a CPA, operates an accounting practice as a single-member LLC (which he reports as a sole proprietorship). During 2020, his proprietorship reports net income of $150,000, W-2 wages of $125,000, and $10,000 of qualified property. What is Taylor's qualified business income deduction

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Taylor, a single taxpayer, has taxable income before the QBI deduction of $193,300 in 2020. Taylor,...

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