Qualified Business Income

I have asked this before but never have received a definite response because the wording is vague. My parents have a rental property and I never know if I can mark the Qualified Business Income area. It says it must be a trade (no) or a business (not really) but the intent is to make a profit. So do they qualify or not for this deduction?

posted

an interesting question with no definitive answer.

see the link. However some taxpayers are probably aggressive in claiming the QBI when they don't meet all the safe harbor standards. then if audited the courts/IRS would decide based on the facts and circumstances in each situation.

https://amynorthardcpa.com/rental-qualify-qbi/