Tax Law and News TaxProTalk: QBI Deduction and Safe Harbor for Rental Real Estate Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Jim Buffington, CPA Modified Mar 27, 2019 0 min read In this episode of TaxProTalk, Jim and Tony discuss some additional details around qualified business income deduction as well as some information about safe harbor provisions for rental real estate. TaxProTalk has a channel on YouTube. Subscribe to be notified about all the TaxProTalk updates. Resources ProConnect™ Tax Online QBI – rental real estate activities ProConnect Lacerte® QBI – rental real estate activities QBI rental real estate safe harbor election information Previous Post How Tax Reform Affects the State and Local Tax (SALT)… Next Post Restricted Stock Units: How RSUs Affect Your Clients’ Taxes Written by Jim Buffington, CPA Jim Buffington, CPA, is an advisory services leader with Intuit® Accountants. He has 20+ years of professional experience in sales management, public accounting, strategic alliances, product marketing, business process design, new business development and strategic planning. Connect with Jim on Twitter @jimatintuit. More from Jim Buffington, CPA One response to “TaxProTalk: QBI Deduction and Safe Harbor for Rental Real Estate” I have a few clients that have rental income such as 10units, 6 units, 12 houses, some only one house and one in Florida. They don’t put in 250 hours a year or have actual records like it’s required this year.. My question is do they “have to” still check that there rentals is a business? Browse Related Articles Tax Law and News Annual inflation adjustments for TY24 and TY25 Practice Management Intuit is committed to your success Practice Management Lacerte® Tax spotlight: Karl J. Strube, CPA Practice Management ProConnect™ Tax Online spotlight: Alejandra Matias Practice Management ProConnect Tax Virtual Bootcamp: Jan. 15-16 Webinars Navigating Common IRS Red Flags: Jan. 20 Webinars Pay-by-Refund: Jan. 20 Webinars Practical Security Checklist: Jan. 14 Tax Law and News January 2025 tax and compliance deadlines Workflow tools On the Books podcast: Merry books-to-tax season
I have a few clients that have rental income such as 10units, 6 units, 12 houses, some only one house and one in Florida. They don’t put in 250 hours a year or have actual records like it’s required this year.. My question is do they “have to” still check that there rentals is a business?