I:8-57 Qualified Business Income Deduction. The LM Partnership has two equal partners, Liam and Martin. In the current year, the partnership earns $400,000 of ordinary income (all business) and recognizes a $15,000 long-term capital gain. Liam is married, files a joint return, and claims a standard deduction. Other than partnership items, Liam has only a

$6,000 short-term capital loss at the individual level. What is Liam’s taxable income?