Losses from Pass through partnership on K-1
I am a limited partner of a pass through partnership and received a K-1 with a business income loss of approximately 37,000 in box 1. I am able to deduct this loss in full against ordinary W-2 income? Also, I have a loss, wages and unadjusted basis of assets in box 20 with code Z. How do I determine QBI, if any applies? I appreciate any help you can provide. Thank you.
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