Thank you for the reply and information. You asked if there was any reason why I would not want the property to qualify for the Qualified Business Deduction. The only reason I did not ask for it was I thought I did not qualify because I did not spend 250 hours actively managing it.
Based on your reply that is not true as long as I meet the criteria you provided under De Minimis Safe Harbor Election. I now plan to elect to use the deduction.
I would appreciate your confirmation of my understanding of the rule and your response.
