Una Chin (a single taxpayer) is the owner Enterprise LLC, which designs and sells covers for tablets and mobile telephones. The LLC (which reports as a sole proprietorship) generates qualified business income of $750,250. Enterprise LLC paid total W-2 wages of $250,000 and the total unadjusted basis of property held by Enterprise LLC is $3,000,000. Una's taxable income before the qualified business income deduction is $635,100. What is Una's QBI deduction?
Una Chin (a single taxpayer) is the owner Enterprise LLC, which designs and sells covers for tablets and mobile telephones. The LLC (which reports as a sole proprietorship) generates qualified business income of $750,250. Enterprise LLC paid total W-2 wages of $250,000 and the total unadjusted basis of property held by Enterprise LLC is $3,000,000. Una's taxable income before the qualified business income deduction is $635,100. What is Una's QBI deduction?
Chapter9: Deductions: Employee And Self- Employed-related Expenses
Section: Chapter Questions
Problem 43P
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Una Chin (a single taxpayer) is the owner Enterprise LLC, which designs and sells covers
for tablets and mobile telephones. The LLC (which reports as a sole proprietorship)
generates qualified business income of $750,250. Enterprise LLC paid total W-2 wages of
$250,000 and the total unadjusted basis of property held by Enterprise LLC is $3,000,000.
Una's taxable income before the qualified business income deduction is $635,100. What
is Una's QBI deduction?
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