Qualified Business Income Deduction. Cathy is a 50% partner
in the CD partnership, which owns a small manufacturing business. In the
current year, the business had qualified business income of $2.8 million. CD
partnership paid W-2 wages of $900,000 and owns depreciable tangible property
with an unadjusted basis of $1,600,000. What is Carrie’s qualified business
deduction (ignoring the ½ deduction for self-employment taxes)?
Leave a Reply