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will rental income deposited into a LLC qualify as QBI pass through income?

I have a rental property titled in my name. If I create a LLC and deposit the rental income into the bank account of my LLC, can it be claimed as pass through income and reported as QBI on my federal return? 

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2 Replies

will rental income deposited into a LLC qualify as QBI pass through income?

Unless you incorporate that would be a no.  

will rental income deposited into a LLC qualify as QBI pass through income?

The LLC has no effect on if the QBI deduction applies or not.

 

If the rises to the level of a "Trade or Business" (at least for QBI purposes), then the QBI deduction would apply.  If it doesn't rise to the level of a "Trade or Business", then QBI does not apply.

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