Multiple Choice
Jason purchased a 20 percent interest in JKL Partnership for $20,000 at the beginning of the year.At year-end, the partnership reported net income of $15,000 and distributed $2,000 cash to Jason.Assuming Jason's QBI deduction is not limited, what is the net amount taxable to Jason's this year as a result of his interest in JLK Partnership?
A) $15,000
B) $12,000
C) $3,000
D) $2,400
Correct Answer:

Verified
Correct Answer:
Verified
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