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    #1

    Domestic Production

    Does wine production qualify for the domestic production activities deduction? I don't know why it wouldn't but I just want to be sure.

    This client is an LLC taxed as a partnership and will have a loss. It's my understanding that we need to report the loss from the quaified activity on the K-1 so that it can be netted with other qualified activities for that LLC member. Is my understanding correct?

    Thanks.
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    #2
    Maybe, but it makes no difference if they're already operating at a loss. The deduction is limited at the LLC level first just like 179.

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