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Investors & landlords
if you file as a real estate professional (REP) you are entitled to the QBI deduction which is a separate code section (199A) from the passive activities code section (469). Rental real estate is not a passive activity for REPs so is treated as a nonpasive trade or business. on the other hand you don't have to be a REP to qualify for the QBI because that has different requirements. one being only 250 hours.
you can be a REP one year but not the next
‎September 16, 2025
9:40 AM