Hello! I need your help to resolve this problem. I have an answer for the first question, but I not sure if it's correct. Thank you for your help, in advance. Scott and Laura are married and will file a joint tax return. Scott has a sole proprietorship (not a "specified services" business) that reports net income of $300,000. The proprietorship pays W–2 wages of $40,000 and holds property with an unadjusted basis of $10,000. Laura is employed by a local school district. Their taxable income before the QBI deduction is $375,000 (this is also their modified taxable income).What is their tentative QBI based on the W–2 Wages/Capital Investment Limit?$Determine their allowable QBI deduction.$

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Asked Jan 25, 2020
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Hello! I need your help to resolve this problem. I have an answer for the first question, but I not sure if it's correct. Thank you for your help, in advance. 

Scott and Laura are married and will file a joint tax return. Scott has a sole proprietorship (not a "specified services" business) that reports net income of $300,000. The proprietorship pays W–2 wages of $40,000 and holds property with an unadjusted basis of $10,000. Laura is employed by a local school district. Their taxable income before the QBI deduction is $375,000 (this is also their modified taxable income).

What is their tentative QBI based on the W–2 Wages/Capital Investment Limit?
$

Determine their allowable QBI deduction.
$

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