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Determine her QBI deduction

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Reference no: EM132643938

Problem - Tristan, who is single, operates three sole proprietorships that generate the following information in 2020 (none are "specified services" businesses).

Business

QBI

W-2 Wages

Capital Investment

A

$300,000

$90,000

$-0-

B

(135,000)

60,000

-0-

C

150,000

-0-

-0-

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.

Required -

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.

Reference no: EM132643938

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