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Business, 27.06.2020 03:01 aalyyy

Paul owns 100% of PBL, LLC. The LLC reports as a sole proprietorship. The LLC has QBI of $700,000 and is NOT a "specified services" business. PBL paid a total W-2 wages of $150,000, and the total unadjusted basis of the property held by PBL is $150,000. Paul’s taxable income before the QBI deduction is $800,000. What is Paul’s QBI deduction for 2019?

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Paul owns 100% of PBL, LLC. The LLC reports as a sole proprietorship. The LLC has QBI of $700,000 an...
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