Running26
Level 3

Client owns an office building through his LLC and collects rents from his business (50% of rents) and two other tenants who combine to pay the other 50 % of monthly rents.

Is this rental still considered a self-rental when he is not the sole tenant?  The handling of this effects passive losses, net investment income tax and the QBI deduction.

Can you help me here?

 

 

0 Cheers