September 9, 2018
The IRS, in its new proposed Section 199A regulations, defines when a rental property qualifies for the 20 percent tax deduction under new tax code Section 199A.
One part of the good news on this clarification is that it does not require that we learn any new regulations or rules. Existing rules govern.
The existing rules require that you know when your rental is a tax law–defined rental business and when it is n...