Well a lot of my expert tax courses said retnal real estate is QBI as long as actively managed, but Regs say must be a 162(a) trade or business. So I am thinking rental activity must rise to a Schedule C based on Pub 527(must provide substantial services). Any thoughts?
Pub 527 Generally, Schedule C is used when you provide substantial services in conjunction with the property or the rental is part of a trade or business as a real estate dealer. Providing substantial services. If you provide substantial services that are primarily for your tenant's convenience, such as regular cleaning, changing linen, or maid service, you report your rental income and expenses on Schedule C (Form 1040), Profit or Loss From Business, Use Form 1065, U.S. Return of Partnership Income, if your rental activity is a partnership. Substantial services don’t include the furnishing of heat and light, cleaning of public areas, trash collection, etc.