What is ashley qbi deduction

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Problem - Ashley (a single taxpayer) is an equal member in a three-member business ABC, LLC. All three members of ABC are individual taxpayers. The LLC reports qualified business income of $2, 100,000 and is not a specified services business. ABC paid total W-2 wages of $750,000, and the total unadjusted basis of property held by ABC is $45,000. Ashley's taxable income before the QBI deduction is $680,000 (this is also her modified taxable income). Ignore self-employment taxes. What is Ashley's QBI deduction for 2020? Show all steps in the computation.

Reference no: EM132995798

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