Hello,
First time with TT Business, I have a LLC for rental real estate that does not qualify for the QBI deduction, its a 2 person LLC. I manage the property and basically get 54% of Rental Income vs 46% for my partner to compensate me for my time. I have noticed and not sure if it matters since we are not electing QBI deduction that on Statement A - QBI pass through entity reporting, that Rental income is split accordingly(54% on mine, 45% on my partners) and UBIA of qualified as well according to these percentages.
My question is can I override the UBIA of qualified to 50%/50%, it will not let me and keeps referring me back to 199A worksheet but I cannot figure how this will let me adjust to 50/50?
