Running26
Level 3

I took your advice and split the rental into two columns on Schedule E.  The self-Rental had a $11,000 in net income but since the S-Corp is a Specified Service Trade or Business (SSTB) the self-rental should be also.  Yeah, the S-Corp made $250k and taxable income is $482K (MFJ) so there is zero QBI Deduction here.  Rats!

Do you agree the in the self-rental (Sch E) input, that I would check the box as the rental being SSTB?

 

 

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