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Investors & landlords
I'm not completely privy to a full understanding of how QBI works with rental property when said property shows a loss on paper, as would be expected as the years pass. Since I paid off one of my three rentals years ago, I have been showing a taxable profit on the rental income for the last few years. Since traditionally property with a mortgage on it shows ever increasing losses on paper year to year that are carried over, I'm not all that clear on how it deals with QBI when the SCH E shows a loss. My unclear understanding is that "something" concerning QBI gets carried over.
‎June 3, 2019
5:30 PM