ThomasM125
Expert Alumni

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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