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Level 2
May 11, 2021

qualified business income deduction and investment holding company

  • May 11, 2021
  • 1 reply
  • 6 views

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?

 

Thanks

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    1 reply

    sjrcpa
    Level 15
    May 12, 2021

    Does owning an investment sound like a trade or business?

    The more I know the more I don’t know.
    May CaseAuthor
    Level 2
    May 13, 2021

    Thank you for the reply.