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Multiple businesses being aggregated under Regulations section 1.199A -4

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Level 3

The question is..

Provide a description of the trade or business and an explanation of the factors met that allow the aggregation in accordance with Regulations section 1.199A-4

This is a Sch C Real Estate Appraisal business that does not pay wages and he also is a 50% owner of a S-Corp that is also a Real Estate Appraisal business that pays wages to him, the other owner and employees. He received a K-1 from the S-Corp

What do I put for the explanation of the factors met that allow the aggregation?

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Level 15

Adapt the regulatory texts from §1.199A-4(b) but you will need to elaborate a bit on how at least two factors under subparagraph (v) are met - no one here can help you with phrasing how these factors are satisfied as only you and your client have the facts that could substantiate the aggregation.

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Still an AllStar

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Highlighted
Level 15

Adapt the regulatory texts from §1.199A-4(b) but you will need to elaborate a bit on how at least two factors under subparagraph (v) are met - no one here can help you with phrasing how these factors are satisfied as only you and your client have the facts that could substantiate the aggregation.

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Still an AllStar

View solution in original post

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Level 3

Thanks!

 

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Level 15

NP, @monicac!

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Still an AllStar
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