Sam, a single taxpayer, owns and operates a bakery (as a sole proprietor-ship). The business...
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Sam, a single taxpayer, owns and operates a bakery (as a sole proprietor-ship). The business is not a specified services business. In 2020, the business pays $100,000 in W2 wages, has $150,000 of qualified property, and generates $150,000 of qualified business income. Susan has no other items of income or loss and will take the standard deduction. What is Susans qualified business income deduction
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