Hello, can someone help us figure out whether we're eligible for the Qualified Business Income deduction? We own a single-family rental property and we file a Schedule E every year. The house is subject to depreciation. Because of the depreciation, we often have a net loss on the property. But without the depreciation we would have sometimes had a net gain. Do we qualify for the QBI deduction? Does the depreciation matter when figuring out qualified business income? We have never taken the QBI deduction before, but now we're wondering if maybe we are missing out on a legitimate offset. Thanks.
