Lisa and John, who file a joint return, own a small strip center that various businesses rent (pizza

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Lisa and John, who file a joint return, own a small strip center that various businesses rent (pizza parlor, barber shop, liquor store, and dry cleaners). Their net rental income for the year is $200,000. The cost (before depreciation) of the rental property is $1 million. Meanwhile, their taxable income this year (before the $ 199A deduction) is $475,000. They pay an individual a salary of $500 per month ($6,000 per year) to manage the building. Which of the following statements is correct? The couple a. Is not eligible for the qualified business income deduction since it is not a manufacturing business but a rental business. b. May claim a qualified business income deduction of $40,000. C. May claim a qualified business income deduction of $26,500. d. May claim a qualified business income deduction of $3,000.

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