Make an adjustment on the partnership's Schedule K, page 4 of Form 1065 that will rer the aBI deduction. - QBI: that will be a deduce ordinary income by 20%. 2 for the QBi, that will be a deduction to the partners' capital accounts. Question 32 of 75. Milton owns a 40% interest in Bradley Games, a partnership. His basis in the partnership on January 1,2021 , was $20,000. Milton took a cash distribution of $19,000 on July 1, 2021. This $19,000 is: A liquidating distribution. A current distribution. A reduction in Milton's share of liabilities. Milton's distributive share of income. Mark for follow up