Jose is married filing a joint return. In 2022, he earned $160,000 of profit from...
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Accounting
Jose is married filing a joint return. In 2022, he earned $160,000 of profit from his sole proprietorship, which operates a service business. The business paid no W-2 wages in 2022 and owns no tangible business property. Compute Joses allowable QBI deduction if his joint return includes his spouse's salary and reflects taxable income of $300,000 before the deduction.
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