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.
You'll need to sign in or create an account to connect with an expert.
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?
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?
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.
You're welcome.
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jello77
Level 3
jastilley
Returning Member
yayaroon
Level 2
adamsweld
Level 2
cparke3
Level 4
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.