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March 20, 2025
Question

Identifying rental properties as QBUs

  • March 20, 2025
  • 1 reply
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Last year Ernst&Young prepared my 2023 return and identified the rental properties I have as QBUs. In the form prepared with TurboTax online I do not see them marked as QBUs - how can I correct this? Where in the online form would I identify them as qualifying business units? Thanks!

    1 reply

    March 26, 2025

    After you enter your Rental Income/Expense info, you'll be asked questions about QBI.  There's several questions, and finally we’ll ask Should this business be treated as a part of a combined business?. When you have more than one business with QBI, we’ll ask if you want to combine or “aggregate” these businesses for the QBI deduction.

     

    Here's more info on Rental Property and QBI.

     

    @JAIME-TITOMALONE