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QBI deduction need to be claimed every year?

I have 3 rental properties and have claimed the QBI deduction in the past but no longer am keeping such detailed records on them. Do I need to claim the QBI deduction every year since I already did one year or can I not claim it this year? 

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1 Reply
Carl
Level 15

QBI deduction need to be claimed every year?

No. You are not required to claim QBI every year. I myself have 3 rentals also, and I don't come anywhere close to the 250 hours of being directly involved in the management of all three properties combined. I also find it not worth the effort to keep the detailed records required for the QBI deduction, even though I am directly involved in the management and all management decisions.

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