ThomasM125
Expert Alumni

Deductions & credits

Taking the QBI deduction for a residential rental property could attract the attention of the IRS since it wouldn't apply to all rental activities. Per this Intuit article on the subject, you would have to maintain your own books to track income and expenses, perform at least 250 hours of rental services per year, and keep contemporaneous records of services performed:

 

 

This may not apply to you since you use a company to manage the property.

 

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