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Level 1
December 7, 2019
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How do I treat all similar real estate rentals as a single enterprise in order to meet the 250 hour 199A safe harbor requirement?

  • December 7, 2019
  • 1 reply
  • 18 views
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Best answer by itonewbie

Nothing really other than filing the statement your client signs under penalties of perjury with the return.

Everything else just happens behind the scene, so your client must understand all the pertinent requirements and set up as well as maintain all related records, which should be contemporaneous, in case of audit by the IRS.

1 reply

itonewbie
itonewbieAnswer
Level 15
December 7, 2019

Nothing really other than filing the statement your client signs under penalties of perjury with the return.

Everything else just happens behind the scene, so your client must understand all the pertinent requirements and set up as well as maintain all related records, which should be contemporaneous, in case of audit by the IRS.

---------------------------------------------------------------------------------Still an AllStar