I have several rental properties under my personal name (not a business). I bought them to make money and equity. I alone manage them. QBI eligible? Does it matter?

tantawi28 · ‎June 3, 2019

DanielV01 · ‎June 3, 2019

Yes, these properties are likely QBI eligible. For a rental property to be eligible for the Section 199A deduction, the activity must rise to the level of a business according to IRC Code 162. Prior court cases have established that if the rental activity is a for-profit endeavor, it does rise to the level of a business. Usually this is the case if you are renting the properties at fair rental value for your area.

For more information, please see this FAQ: https://ttlc.intuit.com/replies/7122193

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View solution in original post

DanielV01 · ‎June 3, 2019

Yes, these properties are likely QBI eligible. For a rental property to be eligible for the Section 199A deduction, the activity must rise to the level of a business according to IRC Code 162. Prior court cases have established that if the rental activity is a for-profit endeavor, it does rise to the level of a business. Usually this is the case if you are renting the properties at fair rental value for your area.

For more information, please see this FAQ: https://ttlc.intuit.com/replies/7122193

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I have several rental properties under my personal name (not a business). I bought them to make money and equity. I alone manage them. QBI eligible? Does it matter?