We own 100% of couple residential rental properties, collect rents and does a few small repairs and maintenance a year. Does this consider As QBI qualified business income?

[michash2998]

If we have a net loss (expense and depreciation > rental income), is it beneficial to claim QBI if we are qualities for it?

[JulieCo · Accepted solution]

Regarding whether your rental properties are eligible for the QBI, please read the IRS guidance below.  Rental activity is typically considered a passive income type of activity and thus would not qualify for the deduction.  But, there is guidance given in the FAQ below for rental property businesses to determine if they meet the criteria to be eligible for QBI in the material below:

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