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Level 1
December 7, 2019
Solved

How do we delete the QBI for the partners so it does not get reported either by the partnership or partner

  • December 7, 2019
  • 3 replies
  • 23 views
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Best answer by Ernie

Why would you not want to report it to the partners?  I believe the decision if they qualify belongs to the partner not the partnership.

3 replies

Ernie
ErnieAnswer
Level 7
December 7, 2019

Why would you not want to report it to the partners?  I believe the decision if they qualify belongs to the partner not the partnership.

sjrcpa
Level 15
December 7, 2019
The Partnership determines if it has QBI. if it does, it reports the info to the partners.
The more I know the more I don’t know.