Monday, November 18, 2019
Qualified Business Income Deduction for Rental Properties
You can get a 20% deduction on rental property net income if it qualifies as a trade or business. In order to be a trade or business you have to establish that the rental is a regular, continuous, and considerable activity. One very specific thing that you can do is send 1099's to those non corporate service providers that you have paid over $600 in a calendar year. This shows that you are treating the rental like a business.
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