Jack operates a service business as a sole proprietorship. Her taxable income for the current year will be less than $100,000. Ms. Jack is not eligible for the Section 199A deduction.

Question

Quizplus · Accepted Answer

The Section 199A deduction is available to qualified business income from a sole proprietorship, and eligibility is not solely based on taxable income being less than $100,000.

Jack Operates a Service Business as a Sole Proprietorship