QBI

[SN2007]

I have two rental properties and work full time.  Do I qualify for QBI deduction?  Can you please provide the link explaining whether I qualify or not?  Thanks 

[MinhT1]

Your rental income qualifies for the QBI deduction if if you meet the requirements of the safe harbor described in this IRS document.

[SN2007]

Thank you for the link.  So based on  this description, I don't qualify for it.  Can you please confirm?  I own two rentals.  I manage one and the other is managed by a property manager.  I believe it's considered a passive income.  I make decisions regarding the tenant selection, repairs and etc.  Based on these description, I don't seem to qualify for QBI, correct?

Thank you again.

[Carl]

While not impossible, I seriously doubt you qualify for the QBI. I myself own three rental properties and I manage them all myself. Even if I aggregate all three properties as a "single enterprise" I can't come anywhere close to meeting the "250 hours" requirement with all three properties combined. Heck, I can't even exceed 100 hours if all three properties were to go empty in the same tax year, and I did all the work to prepare them for the next renter myself.