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yssun
March 10, 2025
Question

I input more expanse on my rental (@Texas) property, but the Federal TAX is increasing. How?

  • March 10, 2025
  • 1 reply
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    A
    AnnetteB6
    March 10, 2025

    If your rental property is qualified for the QBI (Qualified Business Income) deduction, then as you enter expenses to reduce your rental income, the QBI deduction is also being reduced.  This means that any balance due would be increasing due to the reduction of the QBI deduction since your taxable income is increasing as the QBI deduction gets smaller.

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