I just watched the video Lacerte released about some changes.
they mentioned the final regs came out for 199A and some adjustments need to be made. They failed to mention about the Safe Harbor Election for Rental Real Estate. This is very important information! Did they not read all 200 plus pages of the Regs?Best Answer Click here
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Thank you for watching #TaxProTalk. Yes, we read the 199A Final regs, and even attempted to act them out in a short video. Here is additional detail about rental real estate and the Qualified Business Income deduction, including IRS guidance. https://accountants-community.intuit.com/articles/1797483
Thank you for watching #TaxProTalk. Yes, we read the 199A Final regs, and even attempted to act them out in a short video. Here is additional detail about rental real estate and the Qualified Business Income deduction, including IRS guidance. https://accountants-community.intuit.com/articles/1797483
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