QBI residential

[marcyjones]

I have 1o rentals, 8 of them have QBI and two do not. I have deleted and reentered data on one of the two trying to find where the error is. I fear that I made a mistake last year or the year before in entering the QBI info so likely didn't get the tax break on two of my rentals last year. I am using the online version this year and I just can't find a way to get inside to see where the problem lies. I don't want to give up as I need the QBI deduction for these two properties. Anyone have any luck getting inside where the errors might be found? Especially if it was made year or more ago so TurboTax automatically rules this property as non-QBI. There is no way to access that earlier profile info that I can find.

[PatriciaV]

After entering income & expenses for your rental property, click "Done with Rental Property" and continue to the page "Your Profit or Loss Results So Far." 

The next page should be the start of the QBI questions for this property. You can answer "No" to QBI Safe Harbor and still claim QBI for the individual property on the next page "Is this Qualified Business Income?"

TurboTax should prepare a QBI Component Worksheet for the property, which you should find under Tax Tools >> Tools >> Delete a Form. If you find this form, you can delete it and go through the property QBI questions again. Or click Back to return to the main screens.

But you may want to go to Tax Tools >> Print Center and preview all the worksheets in your return first (you need to pay before you can view your forms). Line 1 of that worksheet shows QBI income or loss that should be included on your return.

Form 8995 combines QBI from all sources in your return and calculates the QBI deduction that appears on Form 1040 Line 13a.

[kentjones]

That did it! Problem solved.