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posted Feb 20, 2025 12:42:08 AM

can i get QBI deduction if i am the owner of the rental property and manages property for scheduling repairs, doing repairs as needed, ensuring habitability and safe home

my rental property had quiet a few issues: Plumbing, garage door, roof leak, electrical appliances breakdown, faucets breakdown, hotwater tank issues, skylights issue etc., i drove quiet a bit number of times and spent times getting hold of contractors and ensuring smooth and safe work done to make property habitable by tenants.

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Expert Alumni
Feb 20, 2025 4:41:49 AM

Some rental properties can qualify for the QBI (Qualified Business Income) deduction, while there are others that are specifically excluded.  The qualifications for the QBI deduction include several considerations.  The TurboTax help article below will go through these qualifications and help you decide if your rental property meets the definition for the QBI deduction.

 

Can I get the QBI deduction on rental income?