In 2023, Campbell, a single taxpayer, has $400,000 of profits (net of the deduction for...
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In 2023, Campbell, a single taxpayer, has $400,000 of profits (net of the deduction for self-employment taxes, the self-employed health insurance deduction, and the deduction for contributions to qualified self-employment retirement plans) from her general store, which she operates as a sole proprietorship. She has no employees, $40,000 of qualified property, and $500,000 of taxable income before the deduction for qualified business income. How much is Campbell's deduction for qualified business income? Multiple Choice $100,000 $80,000 $20,000 $1,000 so
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