Question 37 of 40. Which of the following taxpayers will NOT qualify for the QBI deduction due to ordinary business income? Kat, a limited partner in XYZ Partnership She did not materially participate in the partnership Jul, a shareholder in JK Corporation, an S corporation Jill worked full time for the corporation as an employee as well as being a stock owner Cynthia, a shareholder of CDE Corporation, a C corporation Cynthia did not work for the corporation, Justin, a general partner in HIJ Partnership. He worked full time for the partnership. Mark for follow up 0 000 Question 38 of 40. Where would a partner find the amount of qualified business income reported to them on their Schedule K.12 Part II, box 20, code 2 Statement A sent as an attachment with the Schedule K-1 Part III, box 20, code A Part Ill box 2 Mark for follow up *Question 39 of 40. Which statement regarding the qualified business income (BI) deduction is correct? The OBI deduction is only available if the taxpayer materially participates in the activity Partners and shareholders decide how much of the Schedule K-1 income qualifies as qualified business income (OR) The OBI deduction does not reduce the partner or shareholder's basis in the activity The partner or shareholder decides if the activity is a specified service trade or business (SSTE). Mark for follow up