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Tammy and Jose are the equal partners in Pomegranate Plus, a partnership that is a qualified trade or business. In the current year, Pomegranate Plus
Tammy and Jose are the equal partners in Pomegranate Plus, a partnership that is a qualified trade or business. In the current year, Pomegranate Plus had $350,000 of ordinary income after reporting $500,000 in guaranteed payments to Tammy and Jose for their services to the Company ($250,000 each). What is Tammy's and Jose's qualified business income?
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