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?
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