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**** 2: Self-Employment with Healthcare Considerations Wages: None QBI...

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Accounting

****
2: Self-Employment with Healthcare Considerations
Wages: None
QBI (sole proprietorship): $110,000
Itemized Deductions: $18,000
Allowable deduction for self-employment tax: $8,900
Additional Information:
Health insurance premiums paid: $15,000
Calculate:
AGI, Taxable Income, Potential Child Tax Credits, Total Tax Liability (consider self-employed health insurance deduction)

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