What is Donald QBI deduction

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Problem - Donald owns a wide variety of commercial rental properties held in a single member LLC. Donald's LLC reports rental income of $1,500,000. The LLC pays no W-2 wages; rather, it pays a management fee to an S corporation that Donald controls. The management company pays W-2 wages, but it reports no income (or loss). Donald's total unadjusted basis of the commercial rental property is $10,000,000. Donald's taxable income before the QBI deduction (and his modified taxable income) is $2,000,000. What is Donald's QBI deduction for 2019?

Reference no: EM132660499

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