Marie Posted April 9, 2019 Report Share Posted April 9, 2019 client has 10 rentals, all single family units. I know husband and wife both work rentals regularly. Do I aggregate? and how do I elect and do it? or do I just mark as a qualifying business? Please some help Quote Link to comment Share on other sites More sharing options...
Lee B Posted April 9, 2019 Report Share Posted April 9, 2019 1. Put this client on extension 2. At the very least read the 10 page IRS "Safe Harbor" rental guidance. 3. Set down with your client and go over the safe harbor guidance and see whether they can document their involvement. Until at a minimum, you have done steps 2 & 3, you shouldn't be attempting to prepare this return. 1 Quote Link to comment Share on other sites More sharing options...
michaelmars Posted April 9, 2019 Report Share Posted April 9, 2019 2019-07 safe harbor election needs to be attached to the return Quote Link to comment Share on other sites More sharing options...
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