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Rental Property that should qualify as QBI but not seeing any deductions
I selected that my rental property loss qualifies as qbi (although I elected not to invoke a safe harbor). However, at the end of the guided income section, it tells me that my losses this last year (my property was partially unrented due to Covid and we had spend quite a bit of 1 time expenses at the beginning of the year) is not deductible.
Is that intended? It seems to me that if the rental qualifies as qbi then losses should be either usable this year to offset other qbi or can be carried over to next year?
What am I doing wrong?
Thanks in advance!
May 10, 2021
9:37 PM