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cep921
New Member

Why am I receiving the following Check "Link to QBI Wksht must be entered" for rental activity from two separate K-1s.

I did not receive this check for the corresponding Ordinary Income K-1s.
1 Reply
LinaJ2020
Expert Alumni

Why am I receiving the following Check "Link to QBI Wksht must be entered" for rental activity from two separate K-1s.

Because you likely qualify for the QBI deduction and the program needs certain information to complete the calculation process.  

 

Rental properties are usually treated as passive activities, and passive activities are excluded from the definition of a qualified trade or business. However, rentals that qualify as trades or businesses under IRC § 162 are not considered passive, which means taxpayers could potentially qualify for the QBI deduction.

 

For more information, click here: Rental QBI

 

 

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