TaxGuyBill
Level 15

@sjrcpa wrote:

"to qualify for the Section 199A QBI deduction, a rental property with multiple owners must file as a partnership"

Where'd that come from?

AFAIK a rental needs to be a trade or business to qualify for the QBI deduction.


 

If it is a Trade or Business, it would be on the 1065 (unless the owners were only husband-and-wife).   Mere co-ownership of a rental doesn't need to be on a 1065 because it is not a "trade or business".

https://www.irs.gov/instructions/i1065#en_US_2021_publink11392vd0e339

 

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