nlmoline-cpa
Level 1
‎12-06-2019 10:19 PM
 
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TaxGuyBill
Level 15
‎12-06-2019 10:19 PM

Nope.  It the LLC qualifies for the QBI, it goes to all members, regardless if they are active or not.

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abctax55
Level 15
‎12-06-2019 10:19 PM

The determination is made at the entity level, and the specifics provided to the members/shareholders/etc via the K-1.

This is totally different from the rules for active/passive participation....which is why my head hurts :smile:

HumanKind... Be Both
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George4Tacks
Level 15
‎12-06-2019 10:19 PM
Yes, but only one of the reasons the head hurts. This season my whole being hurts.

Answers are easy. Questions are hard!
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abctax55
Level 15
‎12-06-2019 10:19 PM
And WE use Lacerte...it could be worse :smiling_imp::smiling_imp:
HumanKind... Be Both
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nlmoline-cpa1
Level 1
‎12-06-2019 10:19 PM
Thank you all for responding to my question.  I really appreciate it.
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abctax55
Level 15
‎12-06-2019 10:19 PM
HEY...thanks for coming back and saying thanks !  We don't get a lot of that :smile::smile:
HumanKind... Be Both
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