George4Tacks
Level 15
12-07-2019
12:15 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
It was there in a previous version, but has gone away. I guess they like the current 1 or 2 choice you picked. Press F1 at that entry to see:
Business is a Qualified Trade or Business: 1=yes, 2=no [O]
Schedule
E
Screen 18; Code
451
The ownership and rental of real property doesn’t, as a matter of law, constitute a trade or business, and the issue is ultimately one of fact in which the scope of your activities in connection with the property must be so extensive as to give rise to the stature of a trade or business. The program defaults to not including rental in the calculation of the qualified business income deduction. However, if the rental is nonpassive, the program will include it unless a foreign address is entered or the “Investment” box is checked. Use the field to override the default.
Answers are easy. Questions are hard!