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What is Susan qualified business income deductions

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Reference no: EM132591567

Question - Susan, a single taxpayer, owns and operates a bakery (as a sole proprietorship) The business is NOT a specified services business. In 2020, the business pay $60,000 in W-2 wages, has $150,000 of qualify property , and $200,000 in net income( all of which is qualified business income) Susan also has a part time job earning wages of $13,600 , receives $3,400 of interest income, and will take standard deduction. What is Susan qualified business income deductions?

Reference no: EM132591567

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