Sashaa
Level 2
02-15-2020
09:52 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Any advice on how to separate the Real Estate Enterprise for the 199A Rental Safe Harbor in the following situation?
1 Rental is a Building with multiple units of which is some are Commercial businesses and some are residential apartments. (one set of books & records)
1 Rental is a Room Rental in taxpayer's primary residence. (second set of books & records)
For the aggregation requirement that commercial and residential cannot be combined into one enterprise, yet separate books and records must be kept for each...
Best Answer Click here
Labels