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Combining QBI Enterprises

Somehow, I ended up with two QBI enterprises.  I only have three rentals; no need for two enterprises.  How do I combine them into one?

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1 Best answer

Accepted Solutions
ThomasM125
Expert Alumni

Combining QBI Enterprises

You would only benefit from combing your rentals if your taxable income is over $170,050, so when you are asked that question in the QBI section of TurboTax, you need to answer "Yes" and later you will be asked if you want to combine your businesses. 

 

You can read more about combing your businesses for QBI purposes here:  Aggregating business for QBI purposes

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
ThomasM125
Expert Alumni

Combining QBI Enterprises

You would only benefit from combing your rentals if your taxable income is over $170,050, so when you are asked that question in the QBI section of TurboTax, you need to answer "Yes" and later you will be asked if you want to combine your businesses. 

 

You can read more about combing your businesses for QBI purposes here:  Aggregating business for QBI purposes

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