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What is Sarah Section deduction

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Reference no: EM132641116

Question - Sarah, a single taxpayer, operates a sole proprietorship that sells boxed candies on the internet. For 2020, the sole proprietorship has QBI of $205,000. Included in the QBI amount are W2 wages paid of $28,000 and the sole proprietorship has $100,000 of qualified property (i.e., for UB purposes). Lastly, Sarah's taxable income before the Section 199A deduction is $165,000. What is Sarah's 2020 Section 199A deduction?

a. $33,000

b. $27,000

c. $40,082

d. $41,000

Reference no: EM132641116

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