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RENTAL REAL ESTATE AND SAFE HARBOR AND AGGREGATION GROUP

  • 1.  RENTAL REAL ESTATE AND SAFE HARBOR AND AGGREGATION GROUP

    Silver Most Valuable Member
    Posted 02-25-2021 02:36 PM
    Can a real estate entity that is in a corporation or an LLC be eligible for the QBI deduction by aggregating with other entities owned in full or partially by the same taxpayer. So if a taxpayer had 6 entities that all required 50 hours a year can the section 199 deduction become available to them by placing them all in an aggregation group.

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    Gabriel Bentovim
    HOFFMAN & BENTOVIM, CPAs PC
    Commack NY
    631-499-1500
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