Jackson who is single is a farmer and files schedule F for 2018. He had...
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Accounting
Jackson who is single is a farmer and files schedule F for 2018. He had a net profit from the farm of $96,550. After other income and adjustments , Jackson's taxable is $147,966. What is Jackson's QBI deductions?
$0, he is not eligible for the QBI deduction
$10,283: 20% of the difference between his taxable income and his farm profit.
$19,310; 20% of his farm profit.
$29,593, 20$ of his taxable income
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