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PTP Banking Information CHANGE Form 2023-2025

2023-2025 Form

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Instructions and help about PTP Banking Information CHANGE Form

okay for this video I want to go over the form 89.95 for the qbi deduction and this is going to be the simplified computation so we're using the 89.95 and not the 89.95-a so specifically I want to go over PTP and read income so qualifyptp Reit dividends and publicly traded partnership income can qualify for the qbi deduction so in our example here we're going to look at kind of the interaction between PTP income and then what happens if you also have other qualified business income that doesn't fall within those categories so I've got the sample return in front of us here which we'll go into in more detail I do have a sample schedule K1 so this is kind of a K1 from a PTP entity and we're going to see how these items get reported on the return and where we get those qbi amounts and then I do have one sample or not a sample once slide here covering some background on this 199a deduction and specifically the interplay between the regular kin

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