How much is the section 199a deduction

Reference no: EM133611520

Question: Ben, a single taxpayer, owns 100% of a subchapter S Corporation, which is a successful law firm. Ben has taxable income of $550,000. The S Corp has the following activity: Ordinary Income of $400,000 W-2 Wages paid of $200,000 Original cost of qualified property of $100,000 How much is the section 199A deduction?

Reference no: EM133611520

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How much is the section 199a deduction : Ordinary Income of $400,000 W-2 Wages paid of $200,000 Original cost of qualified property of $100,000 How much is the section 199A deduction

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