topic Is 50 year long term land use lease with automobile sales business monthly income considered a business... They pay property taxes... in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/is-50-year-long-term-land-use-lease-with-automobile-sales-business-monthly-income-considered-a/01/421596#M15979 <P>Own 25% share of land which leases use of land to automobile dealership. I collect monthly lease/rent.&nbsp; They pay property taxes, have built building and maintain it.&nbsp; I just receive monthly income. Is this considered ""qualified business" income with new taxes 2018?</P> Tue, 04 Jun 2019 21:12:43 GMT Anonymous 2019-06-04T21:12:43Z Is 50 year long term land use lease with automobile sales business monthly income considered a business... They pay property taxes... https://ttlc.intuit.com/community/business-taxes/discussion/is-50-year-long-term-land-use-lease-with-automobile-sales-business-monthly-income-considered-a/01/421596#M15979 <P>Own 25% share of land which leases use of land to automobile dealership. I collect monthly lease/rent.&nbsp; They pay property taxes, have built building and maintain it.&nbsp; I just receive monthly income. Is this considered ""qualified business" income with new taxes 2018?</P> Tue, 04 Jun 2019 21:12:43 GMT https://ttlc.intuit.com/community/business-taxes/discussion/is-50-year-long-term-land-use-lease-with-automobile-sales-business-monthly-income-considered-a/01/421596#M15979 Anonymous 2019-06-04T21:12:43Z No, this is a passive activity and would not meet the qua... https://ttlc.intuit.com/community/business-taxes/discussion/no-this-is-a-passive-activity-and-would-not-meet-the-qua/01/421603#M15980 <P><B>No</B>, this is a passive activity and would not meet the qualifications for the Qualified Business Income(QBI) deduction.</P> Tue, 04 Jun 2019 21:12:45 GMT https://ttlc.intuit.com/community/business-taxes/discussion/no-this-is-a-passive-activity-and-would-not-meet-the-qua/01/421603#M15980 Ashby 2019-06-04T21:12:45Z