You'll need to sign in or create an account to connect with an expert.
Rental property can be passive income and qualify for QBI. If TurboTax is showing your rental as QBI it is because you indicated it qualified as QBI. You need to go back to the section where you set your rental property up and check your answers.
Good morning Dave66,
This is my first time using home & business. The software drew my info from previous data. I’m not a real estate professional, so other than that, where/how do I set up the property?
Thanks
You'll see the QBI questions after you have entered your income/expenses/assets for the property and selected 'Done with Rental Property'. There are a number of follow up questions.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
ISWF
New Member
Art302
New Member
BB_0
Returning Member
IsaCh
New Member
johnfineran3
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.