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Deduction for 2018 Assignment | College Homework Help

Author:
September 26th, 2019

Peter Samuels owns and manages his single-member LLC that provides a wide variety of financial services to his clients. He is married and will file a joint return with his spouse, amy.

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His LLC reports $300,000 of net income, w-2 wages of $120,000, and assets with an unadjusted basis of $75,000. their taxable income before the big deduction is $285,000 (this is also their modified taxable income). determine their deduction for 2018.

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