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QBI for rental real estate
Thank you, in advance, for helping with this! Last tax season, I had a $1200 profit on my rental real estate. I did not get the QBI. With the research I've done, I think I was eligible for the QBI.
1) I thought TurboTax automatically calculated and applied any QBI--are there additional pages/questions somewhere that must completed for TurboTax to apply the QBI?
2) Has the requirement to send a statement to the IRS with the tax return been omitted for 2019?
3) Since the statement, above, was required in 2018, if I file an amended return for 2018 to get my QBI, must I include said statement? How does one attach a statement to the TurboTax return when e-filed?
‎January 30, 2020
4:50 PM