I have several rental properties under my personal name (not a business). I bought them to make money and equity. I alone manage them. QBI eligible? Does it matter?

tantawi28 — Mon, 03 Jun 2019 18:44:13 GMT

Yes, these properties are likely QBI eligible. For a ren...

DanielV01 — Mon, 03 Jun 2019 18:44:14 GMT

Yes, these properties are likely QBI eligible. For a rental property to be eligible for the Section 199A deduction, the activity must rise to the level of a business according to IRC Code 162. Prior court cases have established that if the rental activity is a for-profit endeavor, it does rise to the level of a business. Usually this is the case if you are renting the properties at fair rental value for your area.

For more information, please see this FAQ: https://ttlc.intuit.com/replies/7122193

topic I have several rental properties under my personal name (not a business). I bought them to make money and equity. I alone manage them. QBI eligible? Does it matter? in Investors & landlords

I have several rental properties under my personal name (not a business). I bought them to make money and equity. I alone manage them. QBI eligible? Does it matter?

Yes, these properties are likely QBI eligible. For a ren...