QBI Deduction Calculation for Nasir
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Questions and Answers

What is Nasir's total taxable income after the QBI deduction is applied?

  • $235,000
  • $193,000
  • $183,000 (correct)
  • $175,000
  • If Nasir had engaged in an SSTB, how would it have affected his QBI deduction?

  • Turned the QBI deduction to zero (correct)
  • Not affected the QBI deduction
  • Decreased the QBI deduction
  • Increased the QBI deduction
  • What impact would capital gains have had on Nasir's QBI deduction?

  • Decreased the QBI deduction
  • Increased the QBI deduction
  • Not affected the QBI deduction
  • Turned the QBI deduction to zero (correct)
  • What role do Form W-2 wages play in determining Nasir's QBI deduction?

    <p>They increase the QBI deduction</p> Signup and view all the answers

    If Nasir's QBI had been $90,000 instead of $60,000, what effect would it have had on his taxable income after the deduction?

    <p>$163,000</p> Signup and view all the answers

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