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What is Donald QBI deduction

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Problem - Donald (a married taxpayer filing jointly) owns a wide variety of commercial rental properties held in a single member LLC. Donald's LLC reports rental income of $1.5 million. The LLC pays no W-2 wages; rather, it pays a management fee to an S corporation Donald controls. The management company pays W-2 wages but reports no income (or loss). Donald's total unadjusted basis of the commercial rental property is $10 million. Donald's taxable income before the QBI deduction (and his modified taxable income) is $2 million. What is Donald's QBI deduction for 2019?

Reference no: EM132644777

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