Which of the following types of income are included in qualified business income (QBI)?
A) Income generated from a qualified trade or business.
B) Guaranteed payments made in compensation for services performed by a partner to a partnership.
C) Wages paid to an employee.
D) Income earned from foreign business operations.
E) All of these.

Question

Quizplus · Accepted Answer

Qualified business income (QBI) includes income generated from a qualified trade or business, but it does not include guaranteed payments, wages, or income from foreign business operations.

Which of the Following Types of Income Are Included in Qualified