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199A aggregation

Greta
Level 9

I don't understand the concept of 199A aggregation. Has anyone found a link to an "easy" explanation?

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Terry53029
Level 14
Level 14
3 Comments 3
Terry53029
Level 14
Level 14
Greta
Level 9

Thank you!

Greta
Level 9

The article lists five aggregation criteria. That's a lot of typing to answer the aggregation question. Any suggestion as to a short response? Is aggregation OK if the trades are not similar, e.g., a farm (Sch F) and a massage therapy business (Sch C), but done by the same person.

The second question asks whether there was change from the prior year, and that's a short No answer, right?

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