IRS Finalizes Safe Harbor Allowing Rental Real Estate to Qualify As a Business for QBID

This safe harbor is available for taxpayers who seek to claim the section 199A deduction with respect to a “rental real estate enterprise.”

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Business OwnersThe Doty GroupMarch 22, 2019Property Management, Rentals, Landlords, Airbnb, Real EstateComment

Treasury, IRS issue final regulations, other guidance on new qualified business income deduction; Safe harbor enables many rental real estate owners to claim deduction

The Treasury Department and the Internal Revenue Service issued final regulations and three related pieces of guidance, implementing the new qualified business income (QBI) deduction (section 199A deduction).