What is Tristan's QBI deduction? b. Assume that Tristan can aggregate these businesses. Determine her QBI deduction if she decides to aggregate the businesses.
What is Tristan's QBI deduction? b. Assume that Tristan can aggregate these businesses. Determine her QBI deduction if she decides to aggregate the businesses.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Federal Income Tax II
Please show work by EXCEL
Tristan, who is single, operates three sole proprietorships that generate the following information in 2023 (none are "specified services" businesses). (LO
.4)
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.
a. What is Tristan's QBI deduction?
b. Assume that Tristan can aggregate these businesses. Determine her QBI deduction if she decides to aggregate the businesses.
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