TaxGuyBill
Level 15

@terrymedo wrote:

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.


 

If I remember correctly, the determination for a Trade or Business for QBI purposes is determined at an entity level, not the individual level.  In other words, the preparer of the 1065 determined it was Trade or Business for the Partnership and qualifies for QBI, which means all the Partners qualify for QBI regardless of their participation level.