Get your taxes done using TurboTax

Rental real estate does not always rise to the level necessary for the qualified business income deduction (QBID).  The second notice defines more clearly about the safe harbor on page 5 of Revenue Procedure 2019-38 and helps you to understand the required record keeping to qualify for QBID.

1. One option is not better than the other. You see this screen if you indicated that your taxable income might exceed certain levels. Otherwise, the "aggregation" screen does not appear. 
2. If you do not select either safe harbor methods the next screen will ask you if this is qualified business income. If you select 'Yes' then TurboTax will do the calculations. 
   • Be sure to select and read the link "More Info about what's considered a qualified business" before you answer.
3. See the images below.