Will you be preparing an election for the 199a safe harbor for rental properties?
Under the election tabs - will you be preparing a selection to provide the informationi needed to elect the safe harbor election for ...
A taxpayer or RPE using the safe harbor must include a statement attached to the return specifying that the requirements of the revenue procedure have been satisfied. The statement must be signed by the taxpayer, or an authorized representative of an eligible taxpayer or RPE, and it must say, “Under penalties of perjury, I (we) declare that I (we) have examined the statement, and, to the best of my (our) knowledge and belief, the statement contains all the relevant facts relating to the revenue procedure, and such facts are true, correct, and complete.” The individual or individuals who sign must have personal knowledge of the facts and circumstances related to the statement.
