Qualified business income (QBI) for vacation rentals
Vacation or other short-term rentals are usually not considered a trade or business. Therefore, any activity coded as vacation or short-term rental won’t be included in the Section 199A calculations for the Qualified Business Income Deduction (QBID).
If you want the activity to qualify as a trade or business for QBID purposes, change the
Type
code on the Rent
screen.
