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QBI and depreciation recapture.
According to my K-1, I had negative Section 199A PTP Income (line 20AD of the K-1). However, when I sold all of my shares, I generated a much larger ordinary gain due to depreciation recapture. My research makes me think that the ordinary gain, not being "capital" in nature, qualifies for the 20% QBI deduction. However, TT does not have any place where I can enter the information. All of the QIB forms come up pre-loaded and none of the lines can be typed into. What am I missing?
‎November 22, 2019
4:56 PM