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QBI-Rental Safe Harbor

Forum|Forum|7 years ago
March 14, 2019
1 reply
11 views

I have a client that owns part of a rental property with other unrelated parties (joint ownership). Each taxpayer picks up their portion of the rental on their own personal return. It is not an LLC or partnership. Does each taxpayer have to meet the 250 hours or does the property have to meet the 250 hours with all owner's hours combined?

ProSeries Professional

This topic has been closed for replies.

IntuitCharlene

Community Manager

We had a similar question regarding multiple rental properties in our last Tax Reform live event:

https://proconnect.intuit.com/community/Tax-Reform-AMA/QBI/m-p/1297

Based on the rules and links by the AllStarts it looks like its specific to the investor and Type of Property (Commercial vs Rental). Stephen also posted a great blog he created going into some of the fine print.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Accept as solution" and then just changing the Accept as solution to Mark as Best Answer, mine gets cutoff, so it is too long. I changed mine to the following and it fits. -->**Say "Thanks" by clicking the thumb icon in a post**Click "Mark as Best Answer " to mark the post that answers your question.

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