Level 15
12-07-2019
04:03 AM
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I think they mean, increasing income by $1,000 created $7000 more taxable income due to the QBI previously computed being disallowed/reduced.
I honestly don't have any clients with enough income for any of the QBI phaseouts to come into play, so I'm not familiar enough with the scenario to know if that's possible or not.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
I honestly don't have any clients with enough income for any of the QBI phaseouts to come into play, so I'm not familiar enough with the scenario to know if that's possible or not.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪