Rental Real Estate Qualified as a Business
If you have rental property, this article may be of great interest to you! Safe harbor is now available for taxpayers seeking to claim the section 199A deduction with respect to a "rental real estate enterprise." The piece defines this term and details the qualifications for safe harbor.
https://www.sharrardmcgee.com/newsletter.php#9
Your tax advisor at Sharrard, McGee & Co., PA can help you determine if your rental situation can be treated as a trade or business for purposes of the qualified business income deduction under section 199A of the Internal Revenue Code. Call us at (336) 884-0410 in High Point or (336) 272-9777 in Greensboro.
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Sharrard, McGee & Co., PA
800 Green Valley Rd #200, Greensboro, NC 27408