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Level 8
December 7, 2019
Solved

If you have made an election in the past to group activities under §1.469-4(c), is it necessary to make a new aggregate election for 199A for the same taxpayer?

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PhoebeRoberts
Intuit Community Champion
December 7, 2019

Yes, because the criteria for aggregating are not identical. You are not required to be consistent in the elections, either.

2 replies

PhoebeRoberts
Intuit Community Champion
December 7, 2019

Yes, because the criteria for aggregating are not identical. You are not required to be consistent in the elections, either.

Level 8
December 7, 2019
Thank you, Phoebe.