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https://www.irs.gov/newsroom/irs-finalizes-safe-harbor-to-allow-rental-real-estate-to-qualify-as-a-business-for-qualified-business-income-deduction
Sep 24, 2019 · For rental real estate enterprises that have been in existence less than four years, 250 or more hours of rental services are performed per year. For other rental real estate enterprises, 250 or more hours of rental services are performed in at least three of the past five years.
https://rentprep.com/property-management/is-a-rental-property-considered-a-business/
Nov 12, 2019 · 2. As you read above, in order for a rental property to be considered a business, you need to actively be working or maintaining the property. With that being said, there needs to be at least 250 logged hours of maintenance or rental services each year that were performed by you or an independent contractor. 3.
https://financialfreedomcountdown.com/qbi-rental-property/
For rental real estate enterprises that have been in existence less than four years, 250 or more hours of rental services are performed per year. For other rental real estate enterprises, 250 or more hours of rental services are performed in at least three of the past five years.Estimated Reading Time: 8 mins
https://aemcpas.com/how-rental-property-owners-can-qualify-for-the-199a-deduction/
Jul 15, 2019 · Thankfully, this requirement allows rental services to be performed by anyone (e.g., a property management company)—you’re not on the hook for completing 250 hours of work. Here are services that qualify as “rental services”: Advertising for rent or lease. Negotiating and executing leases. Verifying tenant applications. Collecting rent. Operating, maintaining, and repairing property on a daily basis. Managing the …Estimated Reading Time: 4 mins
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