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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 · The following requirements must be met by taxpayers or RPEs to qualify for this safe harbor: Separate books and records are maintained to reflect income and expenses for each rental real estate enterprise. 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.
https://wallethacks.com/estimated-taxes-due-dates-safe-harbor-rules/
Mar 06, 2021 · The estimated safe harbor rule has three parts: If you expect to owe less than $1,000 after subtracting your withholding, you’re safe. If you pay 100% of your tax liability for the previous year via estimated quarterly tax payments, you’re safe. If your adjusted gross income for the year is over $150,000 then it’s 110%.Estimated Reading Time: 6 mins
https://www.nolo.com/legal-encyclopedia/landlords-must-be-in-business-to-claim-the-20-pass-through-tax-deduction.html
You must satisfy three requirements to use the safe harbor: you must keep separate books and records showing income and expenses for each rental real estate enterprise you own (something you should already be doing) you must perform 250 hours of real estate rental services each year, and.Estimated Reading Time: 10 mins
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