franksrental
Level 3
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thanks Bsch, I assumed that was the case since in order to be QBI you have to be actively involved 250 hours a year. Clearly with RE mutual funds that would not...
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Thanks VG, I follow your point, but by definition of QBI is what makes your rental properties become a business and not anymore an investment. Basically their i...
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thanks so much Drmetz!In simple words, the income needs to show "explicitly" somewhere as compensation.So, Drmetz in your opinion:Do I need to charge my QBI an ...
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Bottom line: I believe the calculation of "EARNED INCOME" in turbotax is not comprehensive.Basically to contribute to an IRA you need EARNED INCOME. It seems to...
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thanks VGirl, yes it is reported on schedule E by Turbotax. My schedule C is empty.The way TTax works is: it makes you enter you rental income then it asks if i...
Activity Feed for franksrental
- Posted How do I get TurboTax CD to use a suggestion for 2025? on Get your taxes done using TurboTax. April 13, 2025 11:56 AM
- Got Cheered for Re: Will I be affected by the inaccurate TY21 TY22 conversion if I filed in April 2023?. September 1, 2024 9:47 PM
- Posted Re: IRA contribution when QBI is my only income - Is this be a T-TAX flaw? on Retirement tax questions. July 6, 2024 12:56 PM
- Cheered Re: IRA contribution when QBI is my only income - Is this be a T-TAX flaw? for Bsch4477. July 6, 2024 12:54 PM
- Posted Re: IRA contribution when QBI is my only income - Is this be a T-TAX flaw? on Retirement tax questions. July 6, 2024 10:40 AM
- Posted Re: IRA contribution when QBI is my only income - Is this be a T-TAX flaw? on Retirement tax questions. July 6, 2024 10:08 AM
- Posted Re: IRA contribution when QBI is my only income - Is this be a T-TAX flaw? on Retirement tax questions. July 6, 2024 9:49 AM
- Posted Re: IRA contribution when QBI is my only income - Is this be a T-TAX flaw? on Retirement tax questions. July 6, 2024 9:44 AM
- Posted Re: IRA contribution when QBI is my only income - Is this be a T-TAX flaw? on Retirement tax questions. July 6, 2024 9:34 AM
- Posted Re: IRA contribution when QBI is my only income - Is this be a T-TAX flaw? on Retirement tax questions. July 6, 2024 8:59 AM
- Posted IRA contribution when QBI is my only income - Is this be a T-TAX flaw? on Retirement tax questions. July 6, 2024 8:26 AM
- Got Cheered for Re: Capital Loss Carryover Worksheet: TY22 CLCO Wksht Row B AMT must be Entered. April 14, 2024 10:33 PM
- Got Cheered for Re: Will I be affected by the inaccurate TY21 TY22 conversion if I filed in April 2023?. April 10, 2024 1:24 PM
- Got Cheered for Re: Will I be affected by the inaccurate TY21 TY22 conversion if I filed in April 2023?. April 10, 2024 1:24 PM
- Got Cheered for Re: Will I be affected by the inaccurate TY21 TY22 conversion if I filed in April 2023?. April 10, 2024 1:24 PM
- Got Cheered for Re: Capital Loss Carryover Worksheet: TY22 CLCO Wksht Row B AMT must be Entered. April 9, 2024 4:46 PM
- Got Cheered for Re: Capital Loss Carryover Worksheet: TY22 CLCO Wksht Row B AMT must be Entered. April 9, 2024 4:18 PM
- Got Cheered for Re: Will I be affected by the inaccurate TY21 TY22 conversion if I filed in April 2023?. April 8, 2024 8:04 PM
- Got Cheered for Re: Will I be affected by the inaccurate TY21 TY22 conversion if I filed in April 2023?. April 8, 2024 8:04 PM
- Got Cheered for Re: Capital Loss Carryover Worksheet: TY22 CLCO Wksht Row B AMT must be Entered. April 7, 2024 7:48 PM