MLSCPA
Level 1
03-28-2019
01:36 PM
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I have a consulting business that files a 1065 return that has a loss this year
I have checked that they are QBI eligible but with the Specified Trade or Business
The question is: Since they have a loss there will not be QBI even if the K-1 passes the loss figures through, but should I check not eligible for QBI so nothing passes on the K-1 for this year??
Thoughts??