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Do portfolio management and incentive fees qualify for 20% QBI deduction?
hi i am a portfolio manager who executes futures trades in my discretion for my clients' managed accounts under a single member LLC structure. The LLC's income derives from collecting monthly management fees and quarterly performance fees. Does this qualify for Qualified Business Income that would allow me to take the 20% deduction? thanks!
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‎June 4, 2019
3:29 PM