What is their QBI deduction

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Reference no: EM133046000

Question - Tia has $185,000 of QBI from the restaurant she owns and operates as a sole proprietorship. Tia's proprietorship paid $40,000 in W-2 wages and has $18,000 of qualified property. Tia's spouse earned $48,000 of wages as an employee, they earned $23,000 of interest income during the year, will be filing jointly and will take the standard deduction. What is their QBI deduction for 2020?

a) $37,000

b) None of these answers are correct

c) $51,200

d) $0

e) $46,240

Reference no: EM133046000

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