Qualifying for the QBI Rental Safe Harbor On-Demand Webinar

Summary

In September 2019, the IRS issued Revenue Procedure 2019-38 to address issues surrounding qualified business income (QBI) and rental real estate. The Rev. Proc. created a safe harbor for treating rental real estate businesses as a trade or business in order to qualify for the 20% QBI deduction. The safe harbor was proposed because many taxpayers were uncertain whether or not they qualified for the QBI deduction. With these new rules, learn which of your clients will qualify and understand the facets of the deduction.

Objectives

Upon completion of this course, you will be able to:

• Describe the requirements for the QBI deduction of rental real estate
• Discuss when a rental rises to the level of a trade or business
• Outline the requirements for use of the rental real estate safe harbor from IRC §199A
• Report the QBI deduction correctly for rental real estate businesses

Course Details

This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.