https://www.nolo.com/legal-encyclopedia/how-the-republican-tax-plan-affects-landlords.html
You qualify for an income tax deduction equal to 20% of your rental income if:
- you operate your rental business as a sole proprietor, LLC owner, partner in a partnership, or S corporation shareholder, and
- your total taxable income for the year from all sources after deductions is below $315,000 if you’re married filing jointly, or $157,500 if you’re single.