Solved

Ellie a Single Taxpayer) Is the Owner of ABC, LLC

Question 15

Multiple Choice

Ellie a single taxpayer) is the owner of ABC, LLC. The LLC a sole proprietorship) reports QBI of $900,000 and is not a "specified services" business. ABC paid total W-2 wages of $300,000, and the total unadjusted basis of property held by ABC is $30,000. Ellie's taxable income before the QBI deduction is $740,000 this is also her modified taxable income) . What is Ellie's QBI deduction for 2018?


A) $75,750.
B) $148,000.
C) $150,000.
D) $180,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions