Jeff and Crystal are married taxpayers filing jointly, with taxable income of $290,000 (not including...
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Accounting
Jeff and Crystal are married taxpayers filing jointly, with taxable income of $290,000 (not including the qualified business income [QBI] deduction). Included in the taxable income is $10,000 of net long-term capital gain from a securities sale. Jeff owns a manufacturing firm as a sole proprietorship. The net income from the sole proprietorship is $270,000. What is the amount of Jeff's QBI deduction?
A)
$56,000
B)
$54,000
C)
$0
D)
$58,000
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