If I select my rental income to be QBI, why my rental expenses will then reduce my refund? Should I better not report the expense?
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No, you should report your rental expenses.
Instead, you need to be sure that your rental activity is actually Qualified Business Income because most rental activities are not QBI.
Take a look at the information in the TurboTax article below to learn more.
https://ttlc.intuit.com/replies/7122193
No, you should report your rental expenses.
Instead, you need to be sure that your rental activity is actually Qualified Business Income because most rental activities are not QBI.
Take a look at the information in the TurboTax article below to learn more.
https://ttlc.intuit.com/replies/7122193
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