harveyburger
Level 2

On the sale of S Corporation stock if the cutoff method is used and the total income for the year is 50K, which is broken down to SH 1 as 40K and SH 2 as 10K which is reflected on the K-1's is the QBI allocated the same way or is the QBI allocated prorata based on the days owned in the year?

Second question:  On rental property if you have commercial property and residential property can you aggregate both types of property or do they have to be kept separate?  If you do not aggregate  is the 250 safe harbor applied to each property or to the total properties?

Thank you.  

0 Cheers