Qualified Business Income Deduction
This is for a passive rental income. The question goes" indicate if [rental property] qualifies as a trade or business under section 199A.
It has the following options:
Check if this business is a qualified trade or business for section 199A
Check if making the safe harbor election provided in Revenue Procedure 2016-38
I checked the first one as the owner is managing the property is involved in everything related to maintenance. I previously selected the De minimis safe harbor election, so does that mean I have to also check the 2nd option?
