RonGeffrard9597
RonGeffrard9597
03.04.2020 • 
Business

Karen owns and manages her single-member LLC, which provides a wide variety of accounting services to her clients. She is married and will file a joint tax return with her spouse, Mathew. Her LLC reports $300,000 of net income, W-2 wages of $120,000, and assets with an unadjusted basis of $75,000. Their taxable income before the QBI deduction is $275,000) (this is also their modified taxable income). What is their QBI deduction for 2019

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