I am on H1B visa and own 1 rental property. Can I claim Qualified business income deduction for the rental income? Since on H1B visa, I think I am not suppose to start business right?
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You will need to check with an immigration lawyer about whether you can start a business on a H1b visa.
IRS finalizes safe harbor to allow rental real estate to qualify as a business
The following requirements must be met by taxpayers or RPEs to qualify for this safe harbor:
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