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Retirement tax questions
Thanks VG, I follow your point, but by definition of QBI is what makes your rental properties become a business and not anymore an investment. Basically their income becomes ACTIVE and not anymore PASSIVE.
I guess since it's kind of a hybrid, it's ACTIVE but still reported on schedule E, makes it so TTax can't consider it EARNED. Is that what you are saying?
‎July 6, 2024
10:40 AM