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Deductions & credits
@TheTaz QBI is allowed for rental properties. It is related to how you answered the applicable questions.
You also may have QBI from k-1's you entered that TT will handle and give you the credit.
I don't work for TT.
If you have the downloaded version of TT (I highly reccomend for anyone who has rental properties), you can open the applicable schedule e's to see how the forms responses are. If you don't want QBI deduction, you should have top page, G not checked. The schedule E QBI section A1 must be No and the sub questions unanswered.
Hope you have the desktop, otherwise you will have to go back through the interview.
I don't work for TT. Hope I helped at least a bit.
Good luck.
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
‎July 13, 2020
11:52 AM
462 Views