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Business, 04.04.2020 03:48 mprjug6

Doug, a single taxpayer, has $150,000 of profits from his web designing business that he operates as a sole proprietorship. He has no employees, $40,000 of qualified property, and $60,000 of taxable income before the deduction for qualified business income. How much is his deduction for qualified business income (QBI)

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Doug, a single taxpayer, has $150,000 of profits from his web designing business that he operates as...
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