May tax return including rentals and the QBI deduction be filed?

Forum|Forum|4 years ago
March 22, 2022
1 reply
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My taxes are complete and I plan on filing them. Last year I took the QBI on my rentals for the first time. The program indicated that the Federal return had to be mailed and not filed. Today, I have the option to e-file my Federal return. Is it ok to e-file my Federal return or is there a reason it should be mailed instead?? I don't know why the program did not allow last year's return to be e-filed because of the QBI deduction and this year the program is allowing the return with the QBI to be e-filed.

Thank you

Best answer by DianeW777

Yes. You can e-file your return. Rental real estate was ambiguous for a period. The 'safe harbor' rules may have been the reason, but I can't be sure. The questions are asked about the required record keeping and if you answered them TurboTax included the QBI with your tax return.

Final Safe Harbor Rules for Rental Property

D

DianeW777Answer

Yes. You can e-file your return. Rental real estate was ambiguous for a period. The 'safe harbor' rules may have been the reason, but I can't be sure. The questions are asked about the required record keeping and if you answered them TurboTax included the QBI with your tax return.