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@PatriciaV Thanks. I reached out to management company and they do not track hours for individual properties. So I decide not to go with QBI safe harbor. But I can still choose Yes to QBI income on the next page, right?  In this case, do I need the Annual Election Statement? Is it for QBI safe harbor only?

 

In addition, since my net rental income is negative, does it matter I choose QBI income or not? It will not affect my return this year, what about the future years?

 

thanks