Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

sec 199a

yastrabm
Level 2

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

0 Cheers

This discussion has been locked. New comments cannot be posted on this discussion anymore. Start a new discussion

1 Solution

Accepted Solutions
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.

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post

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.

---------------------------------------------------------------------------------
Still an AllStar
yastrabm
Level 2

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

0 Cheers