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sec 199a

yastrabm
Level 2

does royalty income from intangibles (licenses nyc tax medallions) qualify for QBI

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itonewbie
Level 15

It would appear that royalty from the licensing of taxi mdeallions is passive portfolio income from investment that is not a qualified trade or business and, therefore, not eligible for §199A.

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2 Comments 2
itonewbie
Level 15

It would appear that royalty from the licensing of taxi mdeallions is passive portfolio income from investment that is not a qualified trade or business and, therefore, not eligible for §199A.

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Still an AllStar
yastrabm
Level 2

that's what I thought but wasn't 100% sure. Thanks for your inout, I feel better now.

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