Qualified Business Deduction

[baybluff]

We have a cottage rental that is rented regularly by a stable tenant. We collect rent, provide repairs, replacements, and maintenance when needed. Also, keep the surrounding yard. Does this situation qualify as a Qualified Business Deduction?

[ColeenD3]

Yes.

Rental services can be performed by the owners or by their employees, independent contractors, or agents and would include things like:

• General operation, maintenance, and repair of the property
• Purchasing materials
• Property management activities
• Supervising employees and contractors
• Advertising the property for rent
• Tenant selection and background checks
• Negotiating and executing leases
• Collecting and depositing rent