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Kathy, a married individual who files a joint tax return, owns a 30% interest in a service partnership. Her share of partnership income is $175,000.
Kathy, a married individual who files a joint tax return, owns a 30% interest in a service partnership. Her share of partnership income is $175,000. The couples taxable income for the year is $371,600. What is the QBI deduction that Kathy can take this year?
a. $0
b. $19,250
c. $35,000
d. $45,000
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