lbs1
New Member

Business & farm

I own 7 condos that I purchased for investment.  I saw a video on "20 percent tax deduction and rental income" which stated that I could claim this deduction if I managed the properties myself if I did it for 250 hours a year.  When I look at turbo tax under rentals it asks for 750 hours.  Where can I find the form to bundle the 7 condos and the work I do to get the safe harbor 199A decuction?

 

I do the following

advertise to rent the property

negotiate and execute the lease

verify information contained in prospective tenants application

collect rent and do the bookkeeping

keep track of hours spent on daily operation, maintenance and repair of property

manage repair of the property

manage real estate on a log for my hours

 

According to the video that should qualify me under a qualified business or trade.

I do not have a business, I simply am an investor who manages her own properties.

Please help me find the place in turbo tax to file the 199a