199A and rentals - Spidell

199A and rentals

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Message Board 199A and rentals

This topic contains 1 reply, has 2 voices, and was last updated by Sandy Weiner 6 months, 1 week ago.

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  • #134359

    Is there any further guidance, other than vague explanation contained within the draft version of Pub 535, as to what constitutes a rental as being an active trade or business and thus eligible for the 199A deduction?  How are other firms handling this?  If it’s deemed a trade or business, does that mean we go back to the old rules of being required to issue form 1099-Misc for services provided to the property (gardener, painter, etc.), also??  May be too late to get that info. from the recipient(s)!

  • #134420
    Sandy Weiner

    To date there has been no further guidance.