Is my single family home rental (been occupied and rented for the last 4+ years), considered a QBI (Qualified Business Income)??

[ThomasM125]

To qualify as such, the main consideration is if you manage it as though it was a business. So, if you collect rents and manage repairs to the property and maintain accounting records to account for rents received and expenses it may qualify for qualified business income (QBI) purposes. You can read this TurboTax article on the subject to learn more.

[cequall]

I do collect monthly rent and pay for maintenance and upkeep, but I also work to do those things with a property management agency. Does that make a difference?

[AmyC]

The agent can count in with your hours. Even with the agent's time and yours, most people do not spend the required 250 hours of service on one rental property. Since you have had the property more than 4 years, you must meet the guidelines for 3 out of 5 years in Rev Proc 2019-38:

(B) For rental real estate enterprises that have been in existence less than four years, 250 or more hours of rental services are performed (as described in this revenue procedure) per year with respect to the rental real estate enterprise. For rental real estate enterprises that have been in existence for at least four years, in any three of the five consecutive taxable years that end with the taxable year, 250 or more hours of rental services are performed (as described in this revenue procedure) per year with respect to the rental real estate enterprise