Do I need to spend 250 hours on each rental property? I spend about 800 hours on all 6 properties combined. Do I need to aggregate all 6 properties as one business or trade? I obviously didn't spend 250 hours on each property.
Can I mark each property as QBI without aggregating them as one business/trade?
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No, you cannot unless you consider them a group of similar rental properties.
What if you own a rental – or six – but don’t qualify as a real estate professional?Turns out you can qualify for the QBI deduction, as long as your rental activities constitute a trade or business.
Generally, this means each rental real estate enterprise (a rental property or group of similar rental properties, including K-1 rental income) must satisfy these requirements:
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