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QBI Safe Harbor eligibility for a rental property that was converted to primary residence
I have a few rental properties that I have elected QBI safe harbor in prior years. In 2021, however, I converted one of them as my primary residence. Prior to moving to this property, I had it rented for 6 months in 2021. In the TurboTax section that deals with QBI Safe Harbor eligibility, it lists a number of conditions that I must meet in order to claim QBI Safe Harbor. Among them, there is a requirement for "Didn't use as your residence".
Does this mean, this property is not eligible for QBI Safe Harbor in 2021, even though it was a rental business for half of the year?
March 4, 2022
12:13 PM