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Business, 24.10.2019 16:43 Tatertotzzzz

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 that 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

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