Gabe, who is married, operates a skateboard shop as a sole proprietor. He is the...
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Accounting
Gabe, who is married, operates a skateboard shop as a sole proprietor. He is the sole employee of the business. His Schedule C net income from the business for the current year is $105,000. Their taxable income before taking the deduction is $125,000, which includes his wife's earnings from her job. What is their Qualified Business Income (QBI) deduction for the year?
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