A partner's receipt of guaranteed payments is a form of qualified business income.

Name: A partner's receipt of guaranteed payments is a form of qualified business income.
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

Guaranteed payments to a partner are not considered qualified business income for the purposes of the qualified business income deduction under U.S. tax law. They are treated as payments for services or use of capital and are separate from the pass-through income that might qualify for the deduction.

A Partner's Receipt of Guaranteed Payments Is a Form of Qualified