My LLC invested money in another LLC who works for real estate development. Does it count as QBI for my LLC? I am not directly involved in the real estate development.

aas870 · ‎March 15, 2025

Mine is a multi member LLC and I am going to get a fixed return after the completion of the project of the LLC I invested money in. In 2024, I just have some LLC set up cost and some business deductions. I do not have any income.

PatriciaV · ‎March 15, 2025

As long as your LLC does not provide specified services (called SSTB), your business qualifies as a QBI trade or business. Read more here: Is my business an SSTB?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

PatriciaV · ‎March 15, 2025

As long as your LLC does not provide specified services (called SSTB), your business qualifies as a QBI trade or business. Read more here: Is my business an SSTB?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

aas870 · ‎March 16, 2025

Got it. Thank you so much!

Expert does your taxes

Do it yourself

Resources

Support

My LLC invested money in another LLC who works for real estate development. Does it count as QBI for my LLC? I am not directly involved in the real estate development.