May Case
Level 1

Does an LLC setting up to hold an interest in a partnership generate QBI? All the limited liability company does is to report K-1 income to partners, does capital calls and make distributions to members?

 

Thanks

0 Cheers
sjrcpa
Level 15

Does owning an investment sound like a trade or business?

The more I know, the more I don't know.
May Case
Level 1

Thank you for the reply.