Rental Real Estate & the Pass-Thru Tax Deduction

On January 18, 2019, the Internal Revenue Service finalized regulations for the new tax deduction on qualified business income (QBI) from pass-thru entities. IRC section 199A now contains a safe harbor provision listing the requirements for rental activities to be recognized as a qualified trade or business, which is a prerequisite for eligibility to receive the 20% QBI deduction. Overview of […]