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Investors & landlords
You'll report it on SCH E as I'm sure you always have, and yes, it will get the 20% QBI deduction if you qualify. I don't know that many rental property owners that will qualify myself. But that's not to say you won't. I'm also not *quite* up to snuff yet on that QBI deduction with my three rentals. Since one of my rentals was paid off a few years back, I'm only been showing an actual profit on my SCH E for about 3 years now. But I don't think it will be enough to qualify me for the 20% QBID.
‎June 4, 2019
1:06 PM