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Get your taxes done using TurboTax
I have selected that my rental properties are eligible for QBI deductions in Turbo Tax this year again as per the response I got from you last year (see the reply below this). On one of the pages that follows this election, TurboTax asks for the "Name and Employer Id Number" of the business. I do not have a registered business for any of my 5 rentals. My wife and I own them 100% and we fully manage the day to day activities. This rental activity is our main source of income. If I leave these 2 fields blank in TurboTax, I believe I will not get any deduction for QBI. What do I do?
Thank you!
March 27, 2020
9:49 AM