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Can a trust take a qbi deduction on K-1 rental income (from 1120S)?

stpocala
Level 1
 
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sjrcpa
Level 15

Yes if the rental is a Qualified Business and all the requirements are met.


Ex-AllStar

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2 Comments 2
sjrcpa
Level 15

Yes if the rental is a Qualified Business and all the requirements are met.


Ex-AllStar
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abctax55
Level 15

The K-1 to the trust, from the S-Corp will show that info (box 20) IF the determination of qualification of QBI has been made.  That determination is made AT the S-Corp level.

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