Switch from rental management company to self-management

Forum|Forum|1 year ago
March 14, 2025
1 reply
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I have a rental. It was managed by a management company for half the year. The rest of the year, I managed it myself. Can Turbotax include the change from management company to self-management when filling for me to use the Qualified Business Income deduction for half the year?

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RobertB4444

In order to change from a non-qualified business to a qualified business you will probably have to close the first business and move everything to a second business. There isn't really a way for the system to differentiate the expenses otherwise. So you will just transfer everything to a second, qualified business for the second half of the year.

@George223

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RP777

I have a similar situation with self-managing only for the last two months of 2024. I have never had a registered business (LLC or S-corp). Can I include the last two month's rent along with the management company income (reported on 1099-MISC) to show the total income? Or do I still have to separate the two? Also, I didn't spend 750 hours or 50% of your time on this rental.