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SCE1
Level 2

Rental Property Aggregation for Non-Real Estate Professionals

I am new to Turbo Tax.  This is my first year.  In the past our tax man would aggregate our two rental properties together.  Working Turbo Tax on my own for the first time I do not see how I can aggregate our two rental properties together.  We are NOT real estate professionals, but our properties are QBI according to Turbo Tax based on how I answered the questions.  How do I aggregate our two rental properties?

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Accepted Solutions
ThomasM125
Expert Alumni

Rental Property Aggregation for Non-Real Estate Professionals

To see the aggregation questions in TurboTax, you will need to answer "Yes" to the question My taxable income might exceed $329,800, so let's take care of this now. You will see that question after you enter your rental income where you will see a screen that says We're almost done. The screen will say Should this business by treated as part of a combined business? and you will see the other rental activity listed that you can check on to aggregate with the businesses for qualified business income deduction purposes.

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2 Replies
Carl
Level 15

Rental Property Aggregation for Non-Real Estate Professionals

ThomasM125
Expert Alumni

Rental Property Aggregation for Non-Real Estate Professionals

To see the aggregation questions in TurboTax, you will need to answer "Yes" to the question My taxable income might exceed $329,800, so let's take care of this now. You will see that question after you enter your rental income where you will see a screen that says We're almost done. The screen will say Should this business by treated as part of a combined business? and you will see the other rental activity listed that you can check on to aggregate with the businesses for qualified business income deduction purposes.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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