QBI

[Tracy Lee]

I was reading through the QBI rules again because I have so many that get this credit.  I had missed the part where realtors and property managers are not eligible. WOW that is going to hurt?  I was wondering about clients who have Sch E rental property?  I thought I read the first year QBI was allowed but after that they were no longer allowed the QBI deduction either, but now going through the instructions it looks like clients with rental property CAN take the QBI credit?  I am only talking about the passive income types, not Sch C.  What do you all do?

[Lee B]

This article should be helpful:   https://www.journalofaccountancy.com/issues/2019/aug/qbi-deduction-for-rental-real-estate.html