Mary is a 50% partner in the MD partnership, which owns a small manufacturing business....
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Mary is a 50% partner in the MD partnership, which owns a small manufacturing business. In the current year, the business had qualified business income of $3.0 million. MD partnership paid W-2 wages of $960,000 and owns depreciable tangible property with an unadjusted basis of $1,580,000. What is Mary's qualifed business deduction (ignoring the 1/2 deduction for self-employment taxes)? Mary's qualified business deduction is
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