Yes, partnerships generally are eligible for the Qualified Business Income Deduction (QBI) However, the guaranteed payment is not included in the QBI calculation. Guaranteed payments actually reduce the amount of income otherwise eligible for the QBI deduction.
TurboTax will automatically make the QBI deduction calculation for you.
Below are helpful links on Guaranteed Payment and QBI.
Calculation of Plan Compensation
Guaranteed payment on a partnership return
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