Jason and Paula Are Married

question 47

Multiple Choice

Jason and Paula are married. They file a joint return for 2018 on which they report taxable income before the QBI deduction of $200,000. Jason operates a sole proprietorship and Paula is a partner in the PQRS Partnership. Both are a qualified trade or business and neither is a specified services business. Jason's sole proprietorship reports $150,000 of net income, W-2 wages of $45,000, and has qualified property of $50,000. Paula's partnership reports a loss for the year, and her allocable share of the loss is $40,000. The partnership reports no W-2 wages and Paula's share of the partnership's qualified property is $20,000. What is their qualified business income deduction for the year?

• A) $-0-.
• B) $11,750.
• C) $22,000.
• D) $30,000.
• E) None of the above.

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Definitions:

Essential Features

The core characteristics or criteria that define a disease, disorder, or condition, critical for accurate diagnosis.

Daily Routines

The usual sequence of activities or habits that an individual follows every day.

Definition of Abnormality

Criteria used to identify behaviors, thoughts, or feelings that deviate significantly from societal norms or expectations.

Patient

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