I do not understand the definition of a trade or business under IRC § 162 in relation to rental property and QBI, please explain.

[MsGi]

We have 2 rental properties and I am not sure if we qualify for QBI.  We do not spend 250 hours per year at each property.  Also, one property is under the fair rental value because of the area (we would not be able to get more).  However, we are very active with are tenants regarding the property.  We do have separate records for each property and a lot of the maintenance is done by us.  To some extent we seem to qualify but IRC 162 has me stumped. Please advise.  Thank you.

[Cindy0H]

I hope this helps you:

https://ttlc.intuit.com/replies/7122193