Back in January 2019, the IRS provided you with a Section 199A safe-harbor option for your rental properties.
This was great news because the safe harbor made it a lot easier for your rental properties to qualify for the valuable 20% Section 199A deduction.
Now, nine months later, the IRS has issued the final version of the rental safe harbor and it includes some very important changes.
What are they? How will they impact your 199A deduction?
You’ll find out when you read my new article titled Tax Tips: Will the Newly Released Section 199A Rental Safe Harbor Work for You?
Here are just some of the topics we’ll cover
when you read the full article.
- Three ways your rental activities can qualify for the 199A deduction
- The importance of tax-code Section 162
- The three requirements for having your rental real estate enterprises treated as a trade or business
- The nine crucial changes in the tax law you need to understand now
- Why you have to arrange your rental activities into one or more rental real estate enterprises
- The eight rental services you’ll have to provide
- What’s not eligible for safe harbor benefits
- What your pass-through entity must attach to your tax return
- And much more!