Hi everyone, am in the process of changing accountants and looking for tax strategies. There are many different forms, deductions confusing the big picture to me. Please correct this if it is wrong, any help is greatly appreciated.
Gross Wages + K1 + LLC income - deductions - QBI = net income that is subject to federal and state taxes.
What is the order each of these numbers are calculated and when is QBI applied? Does QBI disappear completely after the 415,000 threshold? During our...
Read more
Gross Wages + K1 + LLC income - deductions - QBI = net income that is subject to federal and state taxes.
What is the order each of these numbers are calculated and when is QBI applied? Does QBI disappear completely after the 415,000 threshold? During our...
Read more
from Taxes Strategy no bullshit
No comments:
Post a Comment