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I have a four-plex that I live in and rent 3 units. Do I qualify for QBI deduction?

I own a four-plex. I live in one unit and rent the other three. I do spent 250 hours maintaining it. Do I qualify for QBI? thanks.

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7 Replies

I have a four-plex that I live in and rent 3 units. Do I qualify for QBI deduction?

I have a four-plex that I live in and rent 3 units. Do I qualify for QBI deduction?

Even though I live on the property? I wasn't sure if an owner occupied property with multiple unit would qualify.(thanks for responding!) 

I have a four-plex that I live in and rent 3 units. Do I qualify for QBI deduction?

You only occupy one unit so that should make a difference.

 

I'll page @Mike9241 for input.

I have a four-plex that I live in and rent 3 units. Do I qualify for QBI deduction?

Hi @Mike9241 can you please advise. thanks. 

I have a four-plex that I live in and rent 3 units. Do I qualify for QBI deduction?

If the property is located within the United States and you rent it out for the intention of making money,  then you qualify for QBI.

I have a four-plex that I live in and rent 3 units. Do I qualify for QBI deduction?

Yes I rent it out 3 units but I live in one. Does that make a difference?

KGGG
New Member

I have a four-plex that I live in and rent 3 units. Do I qualify for QBI deduction?

You do not use QBI for rental income. That is schedule E supplemental income and you are not a real estate professional.

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