turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

yssun
New Member

I input more expanse on my rental (@Texas) property, but the Federal TAX is increasing. How?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AnnetteB6
Expert Alumni

I input more expanse on my rental (@Texas) property, but the Federal TAX is increasing. How?

If your rental property is qualified for the QBI (Qualified Business Income) deduction, then as you enter expenses to reduce your rental income, the QBI deduction is also being reduced.  This means that any balance due would be increasing due to the reduction of the QBI deduction since your taxable income is increasing as the QBI deduction gets smaller.

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question