Tara's sole proprietorship consists of a bakery and retail food sales.The bakery's DPGR is $700,000,but after CGS,direct expenses,and a ratable portion of indirect expenses are deducted,QPAI is $200,000.W-2 wages related to DPGR are significant.The retail food sales have a loss of $1 million.If Tara files a joint return and her modified AGI is $109,420,what is her allowable DPAD,if any,for 2012?
A) None.
B) $6,000.
C) $9,000.
D) $18,000.
E) Some other amount.
Correct Answer:
Verified
Q62: Which of the following statements does not
Q67: Which of the following items will have
Q70: Trahan,Inc. ,an S corporation,has taxable income of
Q71: Lime,Inc. ,has the following items related to
Q72: Which AMT adjustment would only be negative?
A)Passive
Q75: Macon Corporation manufactures an exercise machine at
Q77: Which statement is false?
A)The starting point for
Q78: Politz Corporation has average gross receipts of
Q79: Which of the following has no effect
Q79: Which statement is false?
A) The stock ownership
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents