Investors & landlords

@al g Your original post threw me way off the track since it appeared as if you were grouping several rental properties into one for the purposes of reporting them as one activity on Schedule E.

 

The aggregation of rentals (that is only applicable to real estate professionals) is not supported by TurboTax.

 

However, it now appears that you are referring to Form 8995 and the aggregation of business operations for the purposes of the QBI (Qualified Business Income) deduction and not the aggregation of all of your rentals into one on Schedule E. That is an entirely separate issue.

 

The reason you even saw the screen you referenced was because you indicated that your taxable income might exceed $160,700 (or $321,400 if married filing a joint return). Otherwise, the "aggregation" screen does not appear.

 

If you go back to each rental property and, again, indicate that your income might exceed $160,700 (or $321,400 if married filing a joint return) and answer "No" to the specified services questions, you will again be given the option to combine the rental into another or indicate that the "business" is independent of any other activities (see screenshot below).

 

qbi.png

 

 

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