terrymedo
Level 2
05-02-2025
12:35 PM
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I did take the QBI deduction even with the passive classification..........mainly because prior firm took it............it was only about $850............lots of gray area on this topic.
complicating this was another rental partnership where taxpayer is 4% limited partner...........partnership provided all of the 199A info on the K-1 but I didn't take the QBI on this because it doesn't come close to trade or business, the way I understand it.
Thanks for all of your time in reaching out