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    • Created with Sketch. See what's trending for the upcoming tax season. Lacerte | ProConnect | ProSeries
    Created with Sketch. See what's trending for the upcoming tax season. Lacerte | ProConnect | ProSeries
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    qualified business income deduction and investment holding company

    May Case
    Level 1
    ‎05-11-2021 05:04 PM

    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?

     

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    2 Comments 2
    sjrcpa
    Level 15
    ‎05-11-2021 09:17 PM

    Does owning an investment sound like a trade or business?

    The more I know, the more I don't know.
    May Case
    Level 1
    ‎05-13-2021 10:29 AM

    Thank you for the reply.

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