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To all my friends here, a very MERRY CHRISTMAS and Happy New Year 2019. And Happy any other holidays you celebrate (Hanukkah is complete, so in that case I hope it WAS good).

Zappadan is also over, but I'm not sure about Kwanzaa, Yule or Saturnalia. In any event, raise your glass, feast and dance!

Catherine, you said it all for those of us who wish to extend Greetings.

I am sure the furloughing of 52,000 IRS employees will have little or no effect.

They are leaving enough on emergency service to process any payments that come in.

Same you Catherine, and to everyone on this forum. No question this group of friends is the best tax community anywhere.

I disagree. The person creating the K-1 has to indicate to the partner/shareholder/REIT owner how much of the income generated is from QBI sources. It is reported on the K-1 on lines 20/17/14 (I am not sure of the exact line numbers) to be input onto the K-1 worksheet of the final personal tax return. When preparing the personal tax return we must include all forms of QBI, including Schedule C (if any), to determine the final amount of QBI, subject to taxable income limitations.