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Self employed
Not necessarily. Just because the properties qualify for qualified business income (QBI) treatment, doesn't mean they generate earned income. For that, you would have to qualify as a real estate professional and report your rental income on a schedule C as self-employment income. Otherwise it will be reported on a schedule E and be considered passive income which is not earned income for purposes of the earned income credit.
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March 26, 2024
8:23 PM