199A aggregation

[Greta]

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

[Terry53029 · Accepted solution]

Try this link:

https://www.thetaxadviser.com/issues/2019/may/sec-199a-aggregation-trades-businesses.html

[Greta]

Thank you!

[Greta]

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?