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Investors & landlords
Thank you for such complete and clear information! I did ask the EA regarding QBI, and both said yes I can elect QBI because I am doing the property management myself, but they did not mention the 250 hour requirement! I just googled the 250 hours and read more about it -- it says that IRS requires 250 hours "for each enterprise". We have multiple properties, and I have set them up as in TurboTax as individual properties. Does that make them individual enterprises? Would I need to combine all locations together under 1 property in order to meet the 250 hours requirement?
‎June 1, 2019
4:52 PM