2021 Return: Turbo tax submitted a form 199A Rental Real Estate Safe Harbor Statement. I distinctly recall reviewing this section (contradicting my entry) and answering NO for QBI, so I was surprised to see this statement in my return.
Like reports for 2020 tax year, I was unable, despite over 1/2 hour, to find anyplace thru easy step where I could 'undo' this designation. (I am using the downloaded version of TurboTax on a Mac).
Opening FORMS, Schedule E Wks (worksheet) there is a section called Qualified Business Income Deduction Smart Worksheet. In my return, A1 "Is this activity a qualified trade or business?" is checked NO. The rest of the worksheet is empty except the Schedule A Smart Worksheet.
Active Participant checkbox is properly checked with an "X" based on the turbo tax easy guide. I select tenants, clean and maintain the unit (via Airbnb), but do not spend 250 hours per year in this activity (as needed for the QBI).
To Remove this form, I went to FORMS, then selected the QBI form, then Turbo Tax menu (top menu - on the MAC version this pops up.; on windows it may be there continuously). Click on FORMS, and Remove (form name).
Deleting the QBI form did not change the QBI Deduction Smart Worksheet (part of Sched E Wks) box checked "No."
Turbo Tax? How is this supposed to work?
Need to refile.
