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Felicia, Who Is Single, Operates Three Sole Proprietorships That Generate

Question 60

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Felicia, who is single, operates three sole proprietorships that generate the following information in 2019 none is a
"specified services" businesses):  Business  QBI  W-2 Wages  Capital Investment  A $240,000$72,000$0 B $(108,000)$48,000$0 C $120,000$0$0\begin{array} { | c | c | c | c | } \hline \text { Business } & \text { QBI } & \text { W-2 Wages } & \text { Capital Investment } \\\hline \text { A } & \$ 240,000 & \$ 72,000 & \$ - 0 - \\\hline \text { B } & \$ ( 108,000 ) & \$ 48,000 & \$ - 0 - \\\hline \text { C } & \$ 120,000 & \$ - 0 - & \$ - 0 - \\\hline\end{array} Felcia chooses not to aggregate the businesses. She also earns $150,000 of wages from an unrelated business and modified taxable income before any QBI deduction) is $304,000.
a. What is Felicia's QBI deduction?
b. Assume that Felicia can aggregate these businesses. Determine her QBI deduction if she decides to aggreg the businesses.

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a. Under Prop. Reg. § 1.199A-1d), Felici...

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