Does leased farm income qualify for the Qualified Business Income deduction?

[darlene-luehring]

The property owner receives a fixed annual amount for the use of the land and the owner is not engaged in day-to-day operations. However, the owner does pay expenses such as property taxes and insurance.

[RobertB4444]

Only if the owner is a real estate professional.

It sounds like the owner qualifies for active participation but not material participation.  (You can read up on the difference between those two here.)  As an active participant the owner would qualify to deduct any losses they had but not for a QBI deduction.

@darlene-luehring