Follow these prompts in Turbotax
- Search for Qualified business income deduction and select the Jump to link at the top of the search results to get to the QBID section.
Next, you'll answer questions based on your rental type to determine if it qualifies for the QBID.
- Select Rentals and royalties (Schedule E) on the Qualified Business Income Deduction Summary screen.
- Answer Yes to Do you have any income from rentals or royalties?
- Check any that apply on the Let’s see if you’re a Real Estate Professional screen.
- Complete the information for your income and expenses.
- Select Looks good on the Review your (property name) rental summary screen.
- Select any situations that apply on the Any Other Situations? screen, then select Continue (TurboTax CD/Download only).
- Answer Do you want to use a safe harbor to qualify this property for a deduction?, then select Continue.
- Select Yes or No on the Is this Qualified Business Income? screen to complete the interview for your rental property and the QBID.
The questions we ask vary depending on your rental property type. Here’s an overview of what you can expect:
Self-rental
Other types of rental properties
Real Estate enterprise
None of these apply
Uncommon situations
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
