Rental Real Estate Enterprise Statement

The Rental Real Estate Enterprise Statement (RREES) will typically generate without needing to manually add it when you have indicated that you want to take the QBI safe harbor during your Schedule E interview in Step-by-Step mode.

When you are completing the Step-by-Step interview questions and reach, "Let's see if you're eligible for the QBI safe harbor", select Yes and then check whether it is for this property only, or for an enterprise. Note that if you would like for a set of properties to populate on the same RRES, you will need to ensure that they are assigned to the same enterprise group number.

Once you have made those selections on your Schedule E, you can switch to Forms Mode to verify by checking the following:

Select your Schedule E and scroll down to the Qualified Business Income Deduction Smart Worksheet and you should see Yes in the A 1 box, "Is this a qualified trade or business" and also subsection a, "This rental is part of a Rental Real Estate Enterprise...", will be checked and the enterprise group number will appear in the box. From there, you can QuickZoom to the RREES. 

Note that the information from the property transfers to your RREES automatically, so you should not make edits on this form directly. Instead, you can make any revisions on your Schedule E, which will then transfer to the RREES.

Additional forms to check are your Form 8995 Qualified Business Income Deduction Simplified Computation, as well as your Form 1040, Line 13.