CGS wrote:

- quote -

Confused no longer. Remember that sec 199 is based on
employee wages ONLY, and not on payments to subcontractors.
So what do you mean by last line, "flowthrough of W2
sepaerately?"

ChEAr$,
Harlan Lunsford, EA n LA

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I am a little confused....

Partnership is involved only in the subdivsion of land for
residential lots. Streets, Utilities, Water, WasteWater,
Amenity Center, Etc. Is their sales of lots considered land
related or residential construction? If residential
construction and they used only Subcontractors, is the
limitation (W-2, which is zero) for the deduction shown at
the partnership level or do you reflect the QPAI and the
flowthrough of W-2 separately?

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >