Article Date:
March 2019

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Q&A: How to Calculate and Improve Your QBI from a Partnership



I read IRS Issues Final Section 199A Regulations and Defines QBI.


Could you explain in more depth how the Section 199A qualified business income (QBI) calculation works with a general partner who has guaranteed payments for both (a) services and (b) health insurance premium payments?




Yes. We’ll first walk through an example to demonstrate how you’d compute QBI for a partner in this situation.


And then we’ll throw in some tax planning ideas for how to increase the QBI so you, the partner, can get a bigger deduction. ... Log in to view full article.

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