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One requirement for real estate QBI deduction is over 250 hours rental service hours for the year. Is it reasonable to assume that these hours can be prorated for a property which has been owned less then a year? IE. 125 hours for a property purchased in July.
Secondly, for an LLC with more than one property, it the requirement 250 hours per property or 250 hours for all the properties together in the LLC.
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