Thanks and I understand that aspect of the QBI calculation. What concerns me is that TTP is including Form 8582 where it is allocating unused depreciation to offset the positive passive income from the K1. So I'm not paying any federal tax on the passive income! BUT, TTP is still calculating a positive QBI exemption for the same positive passive income. Is this sort of "double dipping" allowed? If I don't owe any fed taxes on that income due to offsetting depreciation, then is TTP calculating the QBI correctly for the K1 income or should this be $0?
