Is my rental income eligible for the QBI deduction?

Sometimes. Rental real estate can qualify for the QBI deduction if the activity rises to the level of a trade or business, which is a facts-and-circumstances test. The IRS created a safe harbor: if you (or your agents) perform at least 250 hours of rental services per year, keep separate books, and maintain contemporaneous records, the rental generally qualifies. Casual, hands-off rentals may not meet the bar. Triple-net leases and property you use personally are often excluded. Because qualific

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Is my rental income eligible for the QBI deduction?
Sometimes. Rental real estate can qualify for the QBI deduction if the activity rises to the level of a trade or business, which is a facts-and-circumstances test. The IRS created a safe harbor: if yo…

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