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Business, 19.02.2021 05:30 JadeK4853

Holly files married filing jointly and reports income of $300,000 ($340,000 AGI - $40,000 itemized deductions) before the deduction for qualified business income. She has no capital gains or dividends included in taxable income. Holly's engineering consulting service generates $20,000 of qualified business income. She paid no wages during the current year. What is Holly's deduction for qualified business income

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Holly files married filing jointly and reports income of $300,000 ($340,000 AGI - $40,000 itemized d...

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