The QBI Deduction: What Real Estate Businesses Need to Know

By Jody H. Chesnov CPA | July 28, 2022

According to the IRS, qualified business income, or QBI, is “the net amount of qualified items of income, gain, deduction, and loss from any qualified trade or business.”

To explain it more simply: Qualified business income refers broadly to your business’s net profit.

To learn more about the qualified business income (QBI) deduction, and discover what it means for your real estate business or rental property, continue reading.

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