Homework Answers
ANSWER-
OPTION-(B) IS THE CORRECT ANSWER.
I.E.UNADJUSTED BASIS OF QUALIFIED PROPERTY.
Explanation:-
For Partnerships , The Qualified business income (QBI) reported on Schedule K-1 should include the Section-199A of Business income. And,
Section-199A Business income includes the followings:-
i)- W-2 Wages
ii)- Unadjusted Basis of Qualified Property.
iii) REIT Dividends
iv)-PTP Income
Therefore,
Section-199A includes W-2 wages for any qualified trade and Business and the Unadjusted Basis of qualified property .
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