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Business, 04.02.2020 05:46 adricabrera
Susan, a single taxpayer, owns and operates a bakery as a sole proprietorship. the business is not a specified services business. in 2018, the business pays $100,000 in w-2 wages, holds $150,000 of qualified property, and reports $150,000 in net income (all of which is qualified business income). susan has no other items of income or loss and will take the standard deduction.
what is susan's qbi deduction?
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Susan, a single taxpayer, owns and operates a bakery as a sole proprietorship. the business is not a...
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