When I report rental properties, I got the following question:
Is this Qualified Business Income? Yes ( ) No( )
I am reporting two rental properties in each of its own situation:
1. Rental property was sold in 2019:
should I select Yes or No to the QBI question?
What's the difference by selecting Yes or No?
2. Rental property was Not sold in 2019 but rented out throughout 2019
should I select Yes or No to the QBI question?
What's the difference by selecting Yes or No?
Thanks.
