Peter Samuels owns and manages his single-member LLC that provides a wide variety of financial services to his clients. He is married and will file a joint tax return with his spouse, Amy. His LLC reports $300,000 of qualified business income, W–2 wages of $120,000, with qualified property with an unadjusted basis of $75,000. Their taxable income before the QBI deduction is $285,000 (this is also their modified taxable income). Determine their QBI deduction for 2019.
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Ответ:
$60,000
Explanation:
Since Peter's taxable income before the QBI is $285,000, he can claim the maximum QBI deduction. The current phase out starts at $326,600 for married filing jointly or $163,300 for single filers.
Maximum QBI deduction = 20% x qualified business income (QBI) = 20% x $300,000 = $60,000
Ответ: