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Qualified Business Income Deduction
I have a rental property with a property management company. According to Turbo Tax, any rental or royalty activity based in the U.S. and carried on with regularity, continuity, and a profit motive, then income is considered Qualified Business Income. Other sources seem to indicate more active involvement is required. I've never taken this deduction in the past. Is this a red flag if I take the deduction?
Wednesday