You'll need to sign in or create an account to connect with an expert.
Is there a entry on line 13a of the IRS form 1040? If the Qualified Business Income Deduction is $0, does the property report a net income?
Does the tax return contain an IRS form 8995 or IRS form 8995-A? If the tax return does contain this form, is the rental property income listed under line 1?
What income or loss is reported? Please clarify.
13a says 0.
Property has an approximate net $4600 income.
No Form 8995.
Airbnb income, expenses include maintenance/repairs/real estate tax/mortgage interest/misc/property depreciation.
TurboTax generlly assume an activity does not qualify for QBI, so there is a check box to say it does. it reads something like a qualified business under 199A. In addition, certain info must be entered in the QBI section of the TurboTax form
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
patrick
New Member
user17725647011
New Member
24pearl
New Member
rpruitt151
New Member
stevemargie
New Member