Investors & landlords

Champ,

 

Another item TT did not handle properly for me was the QBI deduction. I input that I was not eligible for the QBI safe harbor and then the next screen appeared ...

 

CondoTax.jpg

 

However, TT did not provide me with enough info to decide how to answer. So I did some research and found the following which confirms I am not eligible ...

 

Real estate activities are not considered a trade or business if real property is used as a residence as defined in Sec. 280A (i.e., it is used personally by an owner for a number of days that exceeds the greater of 14 days or 10% of the number of days during the year in which the property is rented at a fair rental)

https://www.journalofaccountancy.com/issues/2019/aug/qbi-deduction-for-rental-real-estate.html