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

joe
Level 1
 
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Ernie
Level 9

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.

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3 Comments 3
Ernie
Level 9

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.

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sjrcpa
Level 15
The Partnership determines if it has QBI. if it does, it reports the info to the partners.

Ex-AllStar
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Ernie
Level 9
Very good point.  I guess I was doing what I shouldn't assume that the decision was that the partnership qualified and they were looking to not feed it to all the partners.  Thanks for clarifying that!
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