Tristan, who is single, operates three sole proprietorships that generate the following information in 2020 (none are "specified services" businesses). Business QBI W–2 Wages Capital Investment A $300,000 $90,000 $0 B (135,000) 60,000 0 C 150,000 0 0 Tristan chooses not to aggregate the businesses. She also earns $150,000 of wages from an unrelated business, and her modified taxable income (before any QBI deduction) is $380,000. Assume the QBI amount is net of the self-employment tax deduction. For any allocation division, round to four decimal places. Round final the answer to the nearest dollar. a. What is Tristan's QBI deduction? $fill in the blank 04405d00d05b02e_1 b. Assume that Tristan can aggregate these businesses. Determine her QBI deduction if she decides to aggregate the businesses.
Tristan, who is single, operates three sole proprietorships that generate the following information in 2020 (none are "specified services" businesses).
|
Tristan chooses not to aggregate the businesses. She also earns $150,000 of wages from an unrelated business, and her modified taxable income (before any QBI deduction) is $380,000.
Assume the QBI amount is net of the self-employment tax deduction.
For any allocation division, round to four decimal places. Round final the answer to the nearest dollar.
a. What is Tristan's QBI deduction?
$fill in the blank 04405d00d05b02e_1
b. Assume that Tristan can aggregate these businesses. Determine her QBI deduction if she decides to aggregate the businesses.
$fill in the blank a2188a07a06305a_1
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
