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Level 5
December 7, 2019
Solved

I am preparing a joint return for a husband and wife who own a 3 family residential property...

  • December 7, 2019
  • 1 reply
  • 9 views

They live on the first floor and rent the second and third floors.

They had net income on Schedule E and I checked the box that indicates they qualify for the QBI deduction.  I use the basic edition and a deduction was computed at 20% of the net rental income.  Is this correct? 

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Best answer by TaxGuyBill

Sure?

Is there any reason why you think it would not be correct?

1 reply

Level 15
December 7, 2019

Sure?

Is there any reason why you think it would not be correct?

Level 5
December 7, 2019
Well, I was concerned as to whether or not there may be issues in connection with the SSTB and/or the UBIA requirements in the TC&JA.