Does my rental qualify for the qualified business income (QBI) deduction?

You qualify if your rental meets any of the following conditions:

• Your involvement with this property is so extensive that it's considered a trade or business.
• You rent or license your property to a commonly controlled trade or business operated by an individual, partnership, or S corporation.
• You meet the IRS safe harbor rules.

Simply owning and renting out real property doesn't mean it's a trade or business; you need to meet one of the conditions above to take the QBI deduction for your rental.