Hi Carl. I am certain I didn't select those incorrectly. Still, later on it asks again if this is a QBI, as I recall. It asks if I own more than 10% and if I make major management decisions (both answered yes), and TT tells me I'm an active participant. At that point, I didn't know whether to accept that or not, and I probably ran it both ways and found no change to my taxes owed. This is a new rental, my only rental, and of course I have a loss.
I don't know how to get back into my TT questions without saying I want to amend, so the above is from my memory only. I downloaded all the forms and worksheets; those that indicate QBI say my deduction is zero, as expected.
At the same time, I own this 50%, and the other owner has more rental properties and files as a passive participant.
Sally
