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Amending
I have marked my rentals as 'Non-passive income all along' in my taxes. When I go back to each prior year, and change from non-passive to passive I get the following -
2017 - Refund of $1100 in Federal and $400 in State
2018 - Refund of $20
2019 - No Change
1. Do I need to amend 2018 and 2019 just to show my change from non-passive to passive?
2. For 2017, if I do an amendment for federal and state, will I need to amend 2018 and 2019 to show the refund amount received from amending 2017? OR will I just need to report the income I will receive from this amendment in my 2021 taxes.
3. Both of my rental properties were checked for Qualified Business Income (QBI) deduction. Is that correct?
Topics:
March 3, 2021
7:32 AM