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makvit [3.9K]
3 years ago
14

Which of the following are NOT required for use of the rental real estate safe harbor?

Business
1 answer:
Solnce55 [7]3 years ago
6 0

Answer:

d. Owning a minimum of 10 rental properties

Explanation:

The IRS has a safe habour rule for landlords for the purpose of pass-through deductions .

If the regulations are followed the IRS will view the rental activity is for business purpose only.

There are 3 requirements to use safe habor.

- separate records and books must be kept showing expenses and income of each rental enterprise owned.

- at least 250 hours of rental service in a year.

- records of real estate services that have been performed

Owning a minimum of 10 rental properties is not a requirement.

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