Solved: Unable to E-file due to QBI Rental Real Estate Saf...
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Zatat
Level 2

Unable to E-file due to QBI Rental Real Estate Safe Harbor Statement

Is it new for 2020 that you cannot e-file if you have QBI Real Estate Safe Harbor Statement.? I e-filed my 2019 return with a QBI deduction.  Thank you.   

1 Best answer

Accepted Solutions
KathrynG3
Employee Tax Expert

Unable to E-file due to QBI Rental Real Estate Safe Harbor Statement

It depends. The Safe Harbor Election and QBI Deduction are different things. Be sure that you have accurately selected that your activity qualifies as a trade or business, not the safe harbor.

 

For more information, see:

What is the Qualified Business Income (QBI) deduction?

What can I expense or depreciate with the business safe harbor election?

View solution in original post

4 Replies
KathrynG3
Employee Tax Expert

Unable to E-file due to QBI Rental Real Estate Safe Harbor Statement

It depends. The Safe Harbor Election and QBI Deduction are different things. Be sure that you have accurately selected that your activity qualifies as a trade or business, not the safe harbor.

 

For more information, see:

What is the Qualified Business Income (QBI) deduction?

What can I expense or depreciate with the business safe harbor election?

View solution in original post

Zatat
Level 2

Unable to E-file due to QBI Rental Real Estate Safe Harbor Statement

Thank you so much.  You solved my problem.  I thought you had to elect the Safe Harbor in order to receive the QBI deduction.  Didn't realize you could still get the QBI deduction under the trade or business activity.  

SForrestLO
Intuit Alumni

Unable to E-file due to QBI Rental Real Estate Safe Harbor Statement

You're welcome. 

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Chuyinzki
Returning Member

Unable to E-file due to QBI Rental Real Estate Safe Harbor Statement

THIS! So much! Since both questions are part of the same section it can get a bit confusing. I was about to have to buy like 5 ink cartridges to print out the 100+ pages because of this mistake I made.

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