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Level 3
March 2, 2022
Question

Is the income from a family limited partnership that has an investment account and farming eligible for the QBI deduction for the partners?

  • March 2, 2022
  • 1 reply
  • 8 views
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1 reply

PhoebeRoberts
Intuit Community Champion
March 2, 2022

Maybe! Take what you know about qualifying businesses, and apply it to the facts at hand.

bethbrakeAuthor
Level 3
March 3, 2022

That's why I posted the question - I do not know how to do that properly.

qbteachmt
Level 15
March 3, 2022

"That's why I posted the question - I do not know how to do that properly."

What does "has an investment account" mean?

Describe the Farming.

No one on the internet knows what these people have, what they do, if it is leased out, etc.

"Take what you know about qualifying businesses, and apply it to the facts at hand."

Gather the Facts, then apply what is required to those facts.

Don't yell at us; we're volunteers