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Does sole owner rental property qualify for section 199A?

aahelper1
Level 1
 
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sjrcpa
Level 15

Is the rental activity a trade or business?


ex-AllStar

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7 Replies 7
sjrcpa
Level 15

Is the rental activity a trade or business?


ex-AllStar

View solution in original post

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Marc-TaxMan
Level 8
or meet the Safe Harbor?
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IRonMaN
Level 15
Definitely maybe.
ACME Taxes, Tatoos, Tires and Tomatoes (I had to get rid of the turtles - they kept running away)
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Marc-TaxMan
Level 8
Depends
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IRonMaN
Level 15
Maybe, maybe not.
ACME Taxes, Tatoos, Tires and Tomatoes (I had to get rid of the turtles - they kept running away)
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aahelper
Level 1
how to determine a rental activity  is a trade or business?

 the more i read, the more confuse i get
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IRonMaN
Level 15
The closer you come to meeting the following the closer you are to qualifying:

https://accountants-community.intuit.com/questions/1794144-safe-harbor-for-199a-rentals
ACME Taxes, Tatoos, Tires and Tomatoes (I had to get rid of the turtles - they kept running away)
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