Are Sec. 1231 Gain & Unrecaptured 1250 gain QBI for Sec. 199A Purpose? - Spidell

Are Sec. 1231 Gain & Unrecaptured 1250 gain QBI for Sec. 199A Purpose?

Log in to Post

Message Board Are Sec. 1231 Gain & Unrecaptured 1250 gain QBI for Sec. 199A Purpose?

This topic contains 1 reply, has 2 voices, and was last updated by William Dewberry 2 months ago.

  • Author
    Posts
  • #161270
    Anonymous

    A commercial rental building held by a LLC was sold. The rental income is QBI.

    Is the gain on sale of the building (Section 1231 gain) QBI? what about the unrecaptured 1250 gain (depreciation using straight line) taxed at 25% ?

  • #161368
    William Dewberry
    Participant

    1231 no; 1250 yes.