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July 21, 2024
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2023 How do I turn off QBI on a rental - there is no question that I can find

  • July 21, 2024
  • 1 reply
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I've had a rental but this year we started a business so TT made a form 8995 and added the rental income to it which is not correct. There is no question in 2023 that asks if the rental is eligible for QBI as there was in previous years. I tried deleting the form and that didn't change the numbers. How do I turn this off? I can't remove the rental income or it removes it from Schedule E.  Please help.  TIA!

Best answer by Mike9241

Not sure with which version you are using but after entering rental info you should come to a page that asks if you eligible for the QBI safe harbor

then it asks do you want to take the QBI safe harbor and then 

the question no I don't or can't should be checked

then the next page is this Qualified Business Income?

No, this income is not qualified should be checked 

then you should see a line that says the QBI will not be taken  

1 reply

Mike9241Answer
July 22, 2024

Not sure with which version you are using but after entering rental info you should come to a page that asks if you eligible for the QBI safe harbor

then it asks do you want to take the QBI safe harbor and then 

the question no I don't or can't should be checked

then the next page is this Qualified Business Income?

No, this income is not qualified should be checked 

then you should see a line that says the QBI will not be taken