does royalty income from intangibles (licenses nyc tax medallions) qualify for QBI
Solved! Go to Solution.
This discussion has been locked. New comments cannot be posted on this discussion anymore. Start a new discussion
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.
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.
that's what I thought but wasn't 100% sure. Thanks for your inout, I feel better now.
You have clicked a link to a site outside of the ProConnect Community. By clicking "Continue", you will leave the Community and be taken to that site instead.