Which of the following are included in qualified business income (QBI)? (All income is effectively connected with a trad...

Question

Question

Which of the following are included in qualified business income (QBI)? (All income is effectively connected with a trade or business in the U.S.) :

Betty's Form W-2 wages received from an S corporation.

Tom's guaranteed payments from a partnership.

Jane's Schedule C net profit.

Qualified Publicly Traded Partnership (PTP) income.

Answer 1

Answer #1

The correct answer is Option D.

Qualified Publicly Traded Partnership (PTP) income is included in Qualified Business Income. All other are specifically excluded.

Answer 2

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