On January 2, 2020, Kiplinger’s Retirement Report published A New Tax Break for Rental Income featuring an interview with NSA’s President Joel Grandon.
…The QBI rules are one of the hardest provisions in the 2017 tax law to navigate, according to Joel Grandon, enrolled agent and president of the National Society of Accountants. There is no hard and fast rule for determining whether your real estate rental activity is a trade or business, other than a safe harbor, which is difficult to meet. It’s best to seek out the advice of a good tax preparer, Grandon says…
Read more here.