Greta
Level 9
01-31-2020
09:44 AM
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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
Greta
Level 9
01-31-2020
12:31 PM
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Thank you!
Greta
Level 9
01-31-2020
06:58 PM
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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?