- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Yes, these properties are likely QBI eligible. For a rental property to be eligible for the Section 199A deduction, the activity must rise to the level of a business according to IRC Code 162. Prior court cases have established that if the rental activity is a for-profit endeavor, it does rise to the level of a business. Usually this is the case if you are renting the properties at fair rental value for your area.
For more information, please see this FAQ: https://ttlc.intuit.com/replies/7122193
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 3, 2019
11:44 AM