AnnetteB6
Expert Alumni

Investors & landlords

The question about being a real estate professional is found in the very beginning of the Rental Income and Expenses section of TurboTax.  There are also questions about qualifying as a active participant in the Property Profile section of the rental property.  This also affects how losses may be claimed.

 

Take a look at the following TurboTax help article to learn more about the QBI deduction and rental income.  Your mom no longer being a real estate professional may not exclude her from claiming the QBI deduction and QBI carryover losses.

 

Can I get the QBI deduction on rental income?

 

QBI carryover losses cannot be converted to passive losses.  They would remain QBI losses until they can be applied to QBI income.

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