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Investors & landlords
Review the information in the links below to confirm the partnership is eligible for the energy credit. As far as Code Z - you will understand the numbers for that once you review the information.
The qualified business income deduction (QBID) is available for any business where the partners are active and materially participating in the operations of the business activity. The following link will help you know how to calculate that for your K1 statement. You may also need wages paid (not to partners, but other employees) and the unadjusted basis of assets immediately after acquisition (UBIA) (cost before any deprecation was used). The link below will show you how to calculate that amount (profit or loss).
The information in the link below will let you know if you actually have an energy credit allowed through your partnership.
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