Solved

Dara,a Single Taxpayer,is a 50% Partner in a CPA Partnership

Question 62

Multiple Choice

Dara,a single taxpayer,is a 50% partner in a CPA partnership.The partnership reports $500,000 of ordinary business income and no separately stated items in 2019.Dara also has $30,000 of taxable interest income and $25,000 of itemized deductions.Dara will be allowed a qualified business income deduction of


A) $100,000.
B) $50,000.
C) $51,000.
D) $0.

Correct Answer:

verifed

Verified

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

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents