Essay
In 2018, Kelly has qualified business income from her Schedule C small business of $178,000.She files jointly with her spouse and their taxable income is $214,000.They have no capital gains or qualified dividends in 2018.If Kelly's business is a service business (e.g., accounting), what is Kelly's 2018 QBI deduction?
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$35,600 ($178,000 × 20%).Kelly and her s...View Answer
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