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Donald owns a wide variety of commercial rental properties held in a single-member LLC. Donald's...

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Accounting

Donald owns a wide variety of commercial rental properties held in a single-member LLC. Donald's LLC reports rental income of $1,500,000. The LLC pays no W2 wages; rather, it pays a management fee to an S corporation that Donald controls. The management company pays W2 wages but reports no income (or loss). Donald's total unadjusted basis of the commercial rental property is $10,000,000. Donald's taxable income before the QBI deduction (and his modified taxable income) is $2,000,000.

What is Donald's QBI deduction for 2018?

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