What is her allowable dpad, if any, for 2009


Julie's sole proprietorship consists of a bakery and retail food sales. The bakery's DPGR is $700,000, but after CGS, direct expenses, and a ratable portion of indirect expenses are deducted, QPAI is $100,000. W-2 wages related to DPGR are significant. The retail food sales have a loss of $1 million. If Julie files a joint return and her modified AGI is $119,500, what is her allowable DPAD, if any, for 2009?

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Accounting Basics: What is her allowable dpad, if any, for 2009
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