Answered: sec 199a

yastrabm · ‎04-09-2019

does royalty income from intangibles (licenses nyc tax medallions) qualify for QBI

itonewbie · ‎04-09-2019

It would appear that royalty from the licensing of taxi mdeallions is passive portfolio income from investment that is not a qualified trade or business and, therefore, not eligible for §199A.

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Still an AllStar

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itonewbie · ‎04-09-2019

It would appear that royalty from the licensing of taxi mdeallions is passive portfolio income from investment that is not a qualified trade or business and, therefore, not eligible for §199A.

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Still an AllStar

yastrabm · ‎04-09-2019

that's what I thought but wasn't 100% sure. Thanks for your inout, I feel better now.

sec 199a

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