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Investors & landlords
Thank you for the reply.
So, if I understand correctly, the QBI for both business must be treated as a whole. Then, if that sum is negative, then at that point, the option to carry forward the negative QBI becomes available. Correct?
Also, this may sound like a silly question, but if one of the two business has a negative income (loss), is there an option to NOT include it in the QBI calculations? Since, the whole point of QBI is to have a deduction?
‎February 27, 2023
1:39 PM