In the following example, which requirement for QBI qualified property is not met? Example: Jane purchased a desk for business use on May 11, 2007, and began using it immediately. She used the desk in her business during all of 2018, and it was available for use at the end of the tax year.

Property is used at any point during the taxable year in the production of qualified business income.

Property is held, and available for use, in the qualified business at the close of the taxable year.

The depreciable period has not ended before the close of the taxable year.

All the requirements are met. The desk is qualified property for the QBI deduction.