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Updated almost 6 years ago,

User Stats

946
Posts
153
Votes
Mark Forest
  • Real Estate Investor
  • Fenton, MI
153
Votes |
946
Posts

Qualified Business Income

Mark Forest
  • Real Estate Investor
  • Fenton, MI
Posted

This is what I get for not doing my taxes earlier.

I use Turbo Tax and the program just asked me if my SFH properties are Qualified Business Income or not. The help post at Turbo Tax seem to say no, while the CPA who called me from Turbo Tax said yes. What are you all doing? I have several SFH where I am actively involved in that whenever there is a problem I respond to repair the issue. I do NOT have a PM. I receive rent checks and deposit them in my bank. So do I declare that this is Qualified Business Income or not? I HATE THE IRS!!!

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