Ellie (A Single Taxpayer) Is the Owner of ABC, LLC

question 16

Multiple Choice

Ellie (a single taxpayer) is the owner of ABC, LLC.The LLC (a sole proprietorship) reports QBI of $900,000 and is no services" business.ABC paid total W-2 wages of $300,000, and the total unadjusted basis of property held by ABC is $ taxable income before the QBI deduction is $740,000 (this is also her modified taxable income) .What is Ellie's QBI de 2018?

• A) $75,750.
• B) $148,000.
• C) $150,000.
• D) $180,000.
• E) None of the above.

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