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qualified business income deduction and investment holding company

May Case
Level 1

Does an LLC setting up to hold an interest in a partnership generate QBI? All the limited liability company does is to report K-1 income to partners, does capital calls and make distributions to members?

 

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2 Comments 2
sjrcpa
Level 15

Does owning an investment sound like a trade or business?


Ex-AllStar
May Case
Level 1

Thank you for the reply.