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Investors & landlords
In your case, your rental income would be QBI income, since you are reporting your activity on a schedule C. So, your losses are not subject to the rental loss restrictions.
If your business losses exceeded other income you reported on your tax return, then that could generate a net operating loss, and that would get carried over to following tax years. The NOL would be your business loss, less your non-business income basically.
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March 5, 2020
12:57 PM