Does flipping house profit qualify as QBI deduction?
I entered it in TurboTax as Sales of business property. But TurboTax does not include it in the QBI calculation. I searched online and found this post: https://learn.fundthatflip.com/real-estate-investing-blog/how-the-2018-tax-law-changes-will-affect-y.... It says the flipping house profit should be counted in QBI. Can anyone from TurboTax help me? By the way, our taxable income is below $315K filing jointly. Thank you very much.
posted
April 8, 20207:57 PM
last updated
April 08, 20207:59 PM
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