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Is the income from a family limited partnership that has an investment account and farming eligible for the QBI deduction for the partners?

bethbrake
Level 2
 
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3 Comments 3
PhoebeRoberts
Level 11
Level 11

Maybe! Take what you know about qualifying businesses, and apply it to the facts at hand.

bethbrake
Level 2

That's why I posted the question - I do not know how to do that properly.

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qbteachmt
Level 15

"That's why I posted the question - I do not know how to do that properly."

What does "has an investment account" mean?

Describe the Farming.

No one on the internet knows what these people have, what they do, if it is leased out, etc.

"Take what you know about qualifying businesses, and apply it to the facts at hand."

Gather the Facts, then apply what is required to those facts.

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