New IRS Guidance Provides Rental Real Estate Safe Harbor for 20 Percent Pass-Through Deduction

New IRS Guidance Provides Rental Real Estate Safe Harbor for 20 Percent Pass-Through Deduction Under the new 2017 Tax Act, there has been much uncertainty surrounding the question of when rental real estate operations qualify as a trade or business for purposes of the new code section 199A qualified business income deduction. The IRS has…