What is Gloria QBI deduction

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Reference no: EM132677067

Problem - In 2019, Gloria, a single taxpayer, receives a Schedule K-1 from a partnership she is invested in. The K-1 reports ordinary business income of $40,000, dividend income of $500, tax-exempt interest of $300, and a guaranteed payment to Gloria of $10,000. Gloria's taxable income before the QBI deduction is $87,000. What is Gloria's QBI deduction?

a. $17,400

b. $10,160

c. $10,000

d. $8,160

e. $8,000

Reference no: EM132677067

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