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Investors & landlords
Thanks for the link to the article "Can I get the QBI deduction on rental income?".
It is unfortunate that the help in Quicken, including the on-demand tax guidance (What is a qualified business) doesn't include this information nor a link to the article nor a link to IRS Notice 2019-07.
In fact, the help in quicken is really misleading when it says: "In general, if rental or royalty activity is based in the U.S. and carried on with regularity, continuity, and a profit motive, then income from this activity is considered Qualified Business Income (QBI)."
James
‎July 7, 2020
1:51 PM
2,101 Views