Question 29 of 75. On a partner's Schedule K-1, Item L: Is required when Schedule B, line 4 is checked "yes" Is completed only when the partnership uses GAAP accounting. Shows any increase in the partner's account. O Reports the partner's basis in the partnership, Mark for follow up Question 30 of 75. For partnerships, the qualified business income (QBI) items reported on Schedule K-1 should include the Section 199A business income, the W-2 wages of any qualified trade or business, and: O The adjusted basis of qualified property. The unadjusted basis of qualified property. The adjusted basis of qualified property and guaranteed payments made to the partners. The unadjusted basis of qualified property and guaranteed payments made to the partners in lieu of salary