LindaSki
Level 2

I'm sorry but I must not be asking clearly enough.

Does the 250 hour safe harbor test have to be made at the entity level for each LLC/partnership or can the rental income be passed through for all entities and an election be made on the Form 1040 to combine the properties and meet the 250 hour test at the individual level.  

The regs. and procedures are not clear.

If it can be made at the individual level how do I get Lacerte to combine them for the election?

 

0 Cheers