- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
It could make a difference for several reasons.
If you don't have enough rent income to cover the rental expenses, you may have unusable passive loss.
If your rental qualifies for the QBI deduction, the income won't be included in that calculation if entered as "ordinary income".
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 18, 2022
8:42 AM