Job transfer to 2d city. rented out home in 1st city, does that qualify as 'qualified business income'?
Job transfer to Savannah, GA. Own home in Indianapolis, now rented out. Not making any profit, as rental income equals mortgage + association fee + 100.00. Do I claim that as '
Job transfer to 2d city. rented out home in 1st city, does that qualify as 'qualified business income'?
It "could". The IRS rules are grey in that area. But in your specific case I seriously doubt it would qualify for QBI since you were "out of town" and therefore could not be engaged in the management of the property on a regular and recurring basis.
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