Qualified Business Income Deduction · See Special Enrollment Exam

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For 2025, a single taxpayer has taxable income of $70,000 after taking into account all items from two sole proprietorships. The taxpayer materially participates in both businesses. Business 1 produced $15,000 of qualified business income and paid no wages; Business 2 produced a $25,000 qualified business loss and paid no wages. What is the taxpayer's IRC § 199A deduction for 2025, and how is the negative combined QBI treated?

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