Kylie is single and has taxable income of $320,000 of which $130,000 is attributable to her consulting sole proprietorship.She paid W-2 wages to her employees of $75,000.If the threshold amount for 2019 is $160,725, what is Kylie's qualified business income deduction?
A)$0
B)$11,000
C)$26,000
D)$32,500

Question

Quizplus · Accepted Answer

Kylie's taxable income exceeds the threshold amount, and her business is a specified service trade or business (SSTB), so she is not eligible for the qualified business income deduction.

Kylie Is Single and Has Taxable Income of $320,000 of Which