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December 7, 2019
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Does schedule E rental income qualify as a Qualified Business Income for the 20% reduction

  • December 7, 2019
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Best answer by garman22

Hard question to answer.....maybe/maybe not. There are safe harbors and there is the 199A final regs I would look through. 

https://www.irs.gov/pub/irs-drop/td-reg-107892-18.pdf

2 replies

garman22Intuit Community ChampionAnswer
Intuit Community Champion
December 7, 2019

Hard question to answer.....maybe/maybe not. There are safe harbors and there is the 199A final regs I would look through. 

https://www.irs.gov/pub/irs-drop/td-reg-107892-18.pdf

Just-Lisa-Now-
Intuit Community Champion
December 7, 2019

Does the rental rise to he level of a trade or business?  Only very few of my clients with rentals will be able to qualify for QBI.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪