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yastrabm
Level 2
April 9, 2019

sec 199a

  • April 9, 2019
  • 1 reply
  • 7 views

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

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1 reply

itonewbie
itonewbie
Level 15
April 9, 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.

---------------------------------------------------------------------------------Still an AllStar
    Y
    yastrabmAuthor
    Level 2
    April 9, 2019

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

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