Business, 18.08.2021 02:40, ykluhredd

ABC Partnership is a calendar-year, non publicly-traded partnership doing business in the United States. The partners have contacted you inquiring about the Section 199A qualified business income deduction. They have provided partnership information for Year 1 in the exhibit above. The partners do not have any other sources of income in Year 1 other than the partnership-related items provided. All of the partners are single and will use the single standard deduction of $12,550 on their individual federal income tax returns. Using the information provided above and in the exhibits, enter the amount of each partner’s taxable income before the qualified business income (QBI) deduction and Section 199A QBI deduction for Year 1 under two independent assumptions about ABC Partnership's business:

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Business, 22.06.2019 11:30, kaylabethany

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ABC Partnership is a calendar-year, non publicly-traded partnership doing business in the United Sta...