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Does rental property qualify for qbi? Taxpayer has a manager, but is actively involved in property.

LJC61
Level 1
 
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IRonMaN
Level 15

How active if he has a manager?  Determining QBI isn't a simple yes or no answer and really depends on the tax preparer to analyze the facts and make the hopefully correct decision.


Slava Ukraini!

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4 Comments 4
IRonMaN
Level 15

How active if he has a manager?  Determining QBI isn't a simple yes or no answer and really depends on the tax preparer to analyze the facts and make the hopefully correct decision.


Slava Ukraini!
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abctax55
Level 15
The manager's hours would count for the safe harbor tho...correct?
Or am I hallucinating, again....
HumanKind... Be Both
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IRonMaN
Level 15
I was thinking in terms of an outside third party when I read the question and after 5:00 I try not to think of QBI if I can.

Slava Ukraini!
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abctax55
Level 15
It was 4:49 Left Coast time when I posted.  It's now after 5:00 and I like your idea.  No more QBI tonight.
HumanKind... Be Both
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