IRS Qualified Business Income Deduction for Rental Real Estate

By | February 17, 2020

https://www.irs.gov/newsroom/irs-finalizes-safe-harbor-to-allow-rental-real-estate-to-qualify-as-a-business-for-qualified-business-income-deduction

The Internal Revenue Service today issued Revenue Procedure 2019-38 (PDF) that has a safe harbor allowing certain interests in rental real estate, including interests in mixed-use property, to be treated as a trade or business for purposes of the qualified business income deduction under section 199A of the Internal Revenue Code (section 199A deduction).

If you have questions about the IRS qualified Business Income Deduction, contact a tax attorney.

Leave a Reply

Your email address will not be published. Required fields are marked *