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QBI for a partnership should be Net Income per books, correct? (After 179 expense) same as an 1120?

james1
Level 1
 
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Ernie
Level 9

The QBI that is reported on the K-1 of the income without regard to the section 179.  That calculation is done at the individual level tax return.

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Ernie
Level 9

The QBI that is reported on the K-1 of the income without regard to the section 179.  That calculation is done at the individual level tax return.

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