New IRS guidance fills in four more pieces of the 199A deduction puzzle: The IRS modified and finalized proposed regs that it issued last August. New proposed regs provide rules for previously disallowed losses, RICs with interests in REITs, and certain trusts and estates. A new proposed revenue procedure adds a safe harbor for treating […]
The post New 199A Deduction Rules Modify, Expand Proposed Regs, Add Safe Harbor for Real Estate Rentals appeared first on Tax & Accounting Blog.