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Qualified Business Income 20% Taxable Income Exclusion-new for 2018

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    Qualified Business Income 20% Taxable Income Exclusion-new for 2018

    Does rental real estate property activity count as a BUSINESS for the QBI deduction? (Client is employed and has two rental houses)

    #2
    Answer = unknown

    There are split opinions on this issue but we await formal IRS guidance

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      #3
      Although I had originally leaned towards "no", many Continuing Educational Providers have been asserting that rental do qualify (and I have no idea why they assert it, when it seems unaddressed to me).

      As NYEA said, hopefully the IRS will release some solid guidance about the matter.

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