Can the cost of land be included in the UBIA calculation for QBI since the land is an integral part of the operation and not held for investment?

dffw · ‎June 1, 2019

DanielV01 · ‎June 1, 2019

No, land is not included. Qualified Property for the Unadjested Basis Immediatiatey After Acquisition is depreciable property, but does not include land, patents, trademarks, etc. This legal website discusses many of these provisions: https://www.hoodlawgroupkc.com/wage-and-property-limitations-under-section-199a/

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DanielV01 · ‎June 1, 2019

No, land is not included. Qualified Property for the Unadjested Basis Immediatiatey After Acquisition is depreciable property, but does not include land, patents, trademarks, etc. This legal website discusses many of these provisions: https://www.hoodlawgroupkc.com/wage-and-property-limitations-under-section-199a/

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Can the cost of land be included in the UBIA calculation for QBI since the land is an integral part of the operation and not held for investment?