I converted my personal residence to rental property in Jul/2022. I use a property management company to advertise and manage the rental. Is this eligible for QBI safe harbor?
I am specificaly confused if the below criteria meets in my case
- Performed 250 hrs or more in rental services. Does this apply to me since I worked with a property managment company?
- Kept separate records for income and expenses - I have a document from the property management company that shows my total income and expenses. Does that apply?
- Didnt use it as your residence - This was my personal residence for part year or is this referring to using it as residence after it was converted to rental?
