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Investors & landlords
Carl, I noticed that in your question you said you rent "two" houses and you also commented later that you paid off one of your "three" rentals. Regardless, based on what you've stated, I believe you will likely qualify for the QBI deduction if you have been renting at fair rental rates for years (i.e. not highly discounted to related parties -- some discount would be fine if you expect them to take better care of the place.) Sounds like you'll have 3 years of profit out of 5 by either 2018 or 2019 anyway. With positive cash flows, it appears you've planned well for retirement.
‎June 4, 2019
1:07 PM