Thank you, Irene.
The question I have is what is the assigned percentage for the QBI items. If the entire business is qualified business income, can each partner's K-1, line 1 ordinary business income be shown as the ordinary business income of the QBI Schedule A portion of the K-1?
And for W-2 wages do the total partnership W-2 wages appear on each partner's K-1 form, as opposed to allocating portions of these to each partner?
