Mark for follow up Question 32 of 75. Partnerships should report information regarding each trade or business of the partnership and: Reduce the ordinary income on page 1. Form 1085 for any non-specified businesses for the Qualified Business Income deduction Report on Schedule K-1, line 20, and provide specific information to the partners of their share of Qualified Business Incm items. Make an adjustment on the partnership's Schedule M-2 for the Qualified Business Income that will be a deduction to the partner's accounts. O Provide information on the partnership's Schedule K. page 4 of Form 1065 that will reduce ordinary income by 20% Question 50 of 75. Massimo (47) takes a $9,000 distribution from his IRA to pay some of his daughter's $12,000 qualified education expenses at an eligible educational institution. His daughter paid $4,000 of her expenses with a tax-free scholarship How much of Massimo's IRA distribution is subject to the 10% tax on early distributions? $9,000 $3,000 $1,000 $0