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Question about how to calculate a QBI deduction for a partnership over the $207,500/$415,000 threshold with no wages and no basis in property.

Christopher
Level 1

I have a client who has a partnership for a non-service type business.  Their taxable income is over $415,000 MFJ.  Since their business does not have wages or depreciable assets, is it true that they are not eligible for any QBI deduction?  

If they do get one, please provide the explanation on how this deduction would be calculated.

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sjrcpa
Level 15

The QBI deduction is at the partner level, not the partnership level.


ex-AllStar

View solution in original post

3 Replies 3
sjrcpa
Level 15

The QBI deduction is at the partner level, not the partnership level.


ex-AllStar

View solution in original post

George4Tacks
Level 15
dba1040
Level 2

This calculator is awesome - thank you!