For partnerships, the qualified business income (QBI) items reported on Schedule K-1 should include the Section 199A business income, the W-2 wages of any qualified trade or business, and: Guaranteed payments
For partnerships, the qualified business income (QBI) items reported on Schedule K-1 should include the Section 199A business income, the W-2 wages of any qualified trade or business, and: Guaranteed payments
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Guaranteed payments made to the partners in lieu of salary.
Recapture of investment credit.
The unadjusted basis of qualified property.
The adjusted basis of qualified property.
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