itonewbie
Level 15
12-06-2019
11:41 PM
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No, the determination of whether the rental property qualifies as a trade or business based on §162 or Notice 2019-07 safe harbor for the purpose of §199A is made a the RPE level. Once that determination is made, you would allocate QBI for the rental to each partner like other QBI items. It is not relevant whether it is a limited or general partner.
Perhaps I am not understanding your question correctly?
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