If I select "Yes, this income is QBI" for the homes with the net loss, I notice my taxes go up so that is why I am asking. All are single family homes rented out the full year at fair market rates and I actively manage all four properties (handle repairs, finding new tenants, leases, etc). Homes are all owned by me in sole ownership and I don't have a property management company. I keep individual records across each property (separate bank accounts, receipts, book keeping, etc). I keep general activity information, dates, cost, etc but I don't keep records around time (how long it took me or someone else to perform activity) so I can't say definitively I spend 250 hours on each home individually. If you combine all activities across the four rental homes, without question, I spend at least 250 hours per year managing the properties.
