Multiple businesses being aggregated under Regulations section 1.199A -4

Forum|Forum|6 years ago
June 14, 2020
3 replies
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The question is..

Provide a description of the trade or business and an explanation of the factors met that allow the aggregation in accordance with Regulations section 1.199A-4

This is a Sch C Real Estate Appraisal business that does not pay wages and he also is a 50% owner of a S-Corp that is also a Real Estate Appraisal business that pays wages to him, the other owner and employees. He received a K-1 from the S-Corp

What do I put for the explanation of the factors met that allow the aggregation?

ProSeries Basic

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Best answer by itonewbie

Adapt the regulatory texts from §1.199A-4(b) but you will need to elaborate a bit on how at least two factors under subparagraph (v) are met - no one here can help you with phrasing how these factors are satisfied as only you and your client have the facts that could substantiate the aggregation.

itonewbieAnswer

Level 15

Adapt the regulatory texts from §1.199A-4(b) but you will need to elaborate a bit on how at least two factors under subparagraph (v) are met - no one here can help you with phrasing how these factors are satisfied as only you and your client have the facts that could substantiate the aggregation.

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