Sashaa
Level 2
02-22-2020
03:20 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
SOLVED!
Apparently I missed it the first 20 times I read the safe harbor...
From the second to the last paragraph on page 4 of Rev. Proc. 2019-38
"An interest in mixed-use property may be treated as a single rental real estate enterprise or may be bifurcated into separate residential and commercial interests. For purposes of this revenue procedure, mixed-use property is defined as a single building that combines residential and commercial units. An interest in mixed-use property, if treated as a single rental real estate enterprise, may not be treated as part of the same enterprise as other residential, commercial, or mixed-use property."