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Am I Eligible For The Qualified Business Income (QBI) Deduction For Rental Property Income?
I know that my rental property income is not qualified for the Safe Harbor credit, but is it for the QBI credit? The property is in California and I live in 1 of the 4 units on the property. I must have a Business License for this property. I am only completing the Schedule E, but not a Schedule C. The rental property income is not passive, as I do (or participate in) all the business work, like the bookkeeping, maintenance, and make all the business decisions. Since I have the license and am active in running the property, does this prove my rental property is a "Trade Or Business", so that I can take the QBI credit?
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‎April 3, 2025
11:02 AM