lhansen
Level 1
03-06-2021
09:51 AM
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Can anyone provide any input on whether or not a Construction Company is a SSTB? My clients own an LLC, 50/50, and do construction and remodel work on residential properties. My first thought is they are not a SSTB. In that case though, can they still qualify for a partial deduction on their personal return, utilizing Form 8995?
Any input would be appreciated.