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5. Gary is married and files a joint return. Gary owns a sole propri.pdf

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5. Gary is married and files a joint return. Gary owns a sole proprietorship with QBI of $200,000. W-2 wages are $80,000 and the total basis of property held in the business was $750,000. His taxable income before his QBI deduction was $429,800 (which was also his modified taxable income). What is Garys QBI deduction?.

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5. Gary is married and files a joint return. Gary owns a sole proprietorship with QBI of $200,000. W-2 wages are $80,000 and the total basis of property held in the business was $750,000. His taxable income before his QBI deduction was $429,800 (which was also his modified taxable income). What is Garys QBI deduction?

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