Problem 1: Buck, a single taxpayer, operates a sole proprietorship which is an SSTB. QBI is $100,000, W2 wages are $50,000, and QP is $0. His taxable income before the §199A deduction is $197,100. What is Buck's Section 199A deduction for 2023?
Problem 2: Buck, a single taxpayer, operates a sole proprietorship which is an SSTB. QBI is $100,000, W2 wages are $0, and QP is $0. His taxable income before the §199A deduction is $197,100. What is Buck's Section 199A deduction for 2023?
SOCIAL SCIENCELAWTAX LAWACCT 571T