Real estate investors may be wondering how the Tax Cuts and Jobs Act affected them and if they qualify for the 199A safe harbor. DHJJ’s Kira Wheat, discusses the new qualified business income deduction, the proposed safe harbor, and how it applies to real estate investors.
0:25 – Why was the 20% deduction created?
0:52 – Does real estate qualify as a trade or business?
1:12 – Business qualifications
2:00 – Qualified services
2:26 – Non-qualified services
2:47 – How do you meet the 250-hour test?
3:16 – How does this coincide with the 750-hour material participation test?
Watch the Video
For more details, read the full article.
How DHJJ Can Help
If you would like to talk to a DHJJ Tax Advisor about the 199A Safe Harbor or have additional questions, call us at 630-420-1360 or fill out the form below.