Answered: Why would you not want to report it to the partners? I b...

joe · ‎12-07-2019

Ernie · ‎12-07-2019

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.

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Ernie · ‎12-07-2019

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 · ‎12-07-2019

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.

Ernie · ‎12-07-2019

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!

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

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