Is my rental considered QBI, we are responsible for the maintenance & routinely check on the property and have had to do several pieces of maintenance in the 2018 year.

danielle-weliczk · ‎June 5, 2019

Ashby · ‎June 5, 2019

Unless the rental property you mention has numerous individual units, it is unlikely that you qualify for QBI. It has to qualify as a trade or business. While I don't doubt that you spend time on your rental, you need to be sure you could justify that the rental is on the level of a second, self-employed job. This is assuming that you have a regular wage earning full-time job. There is no definitive IRS language on residential rental income, but if you have a single rental property, I would be hesitant to take the QBI deduction.

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Ashby · ‎June 5, 2019

Unless the rental property you mention has numerous individual units, it is unlikely that you qualify for QBI. It has to qualify as a trade or business. While I don't doubt that you spend time on your rental, you need to be sure you could justify that the rental is on the level of a second, self-employed job. This is assuming that you have a regular wage earning full-time job. There is no definitive IRS language on residential rental income, but if you have a single rental property, I would be hesitant to take the QBI deduction.

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Is my rental considered QBI, we are responsible for the maintenance & routinely check on the property and have had to do several pieces of maintenance in the 2018 year.