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New Member
posted Jun 4, 2019 2:50:02 PM

Re Qualified Business Income Deduction info on a Sch E Worksheet linked to a K-1 limited partnership separate from my rental business do I check the yes box for A and D?

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New Member
Jun 4, 2019 2:50:03 PM

Is it a specified trade or business? This explains it quite well:

https://www.bkd.com/sites/default/files/2018-08/Specified-Service-Trade-Business.pdf

Is this a qualified business?

Rental properties are typically treated as passive activities, which are excluded from the definition of a qualified trade or business. However, rentals that qualify as trades or businesses under IRC § 162 are not considered passive, and that means their income can qualify for the QBI deduction.

This article explains which rentals are and are not qualified businesses:

https://ttlc.intuit.com/replies/7122193

1 Replies
New Member
Jun 4, 2019 2:50:03 PM

Is it a specified trade or business? This explains it quite well:

https://www.bkd.com/sites/default/files/2018-08/Specified-Service-Trade-Business.pdf

Is this a qualified business?

Rental properties are typically treated as passive activities, which are excluded from the definition of a qualified trade or business. However, rentals that qualify as trades or businesses under IRC § 162 are not considered passive, and that means their income can qualify for the QBI deduction.

This article explains which rentals are and are not qualified businesses:

https://ttlc.intuit.com/replies/7122193