can i take qbi for farmland rental at a set price with minor involvement? i received a post answer from colleen that qbi required much involvement and bookkeeping. does this apply to farm land rental also?
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You need to put in 250 hours of your own time - or hire people to work on your behalf - in order to qualify for the QBI deduction. There are some narrow exceptions but "minor involvement" pretty well knocks you out of the running before we get to those.
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