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- Where and how to submit QBI Rental Real Estate Safe Harbor Statement to IRS
Where and how to submit QBI Rental Real Estate Safe Harbor Statement to IRS
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skyworks
Level 5
05-20-2020
07:57 PM
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Hi,
I need to attach a statement (s) to the return to claim Safe harbor.
There are 8 rental properties (all residential, only 6 of them satifies 250 hours), do I attach one statement for each of these 6 Satifized 250 hours?
Or do I attach one statement for 8 rentals aggregated as one group?
Do I need to have client sign the statement then submit to IRS?
Any one has done that?
Appreciate in advance
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itonewbie
Level 15
05-20-2020
09:27 PM
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Your answer is in Rev. Proc. 2019-38. In case you haven't read it through, you should definitely spend time on it.
See these threads also for how this is to be done in PTO/Lacerte:
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