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Showing 2 posts in Property Tax.

IRS Finalizes 199A Safe Harbor for Rental Property

House on PaperThe IRS recently issued Revenue Procedure 2019-38, which finalizes the safe harbor for rental property under Code Section 199A that was originally provided in IRS Notice 2019-07. The safe harbor treats a rental real estate enterprise as being eligible for the qualified business income deduction under Section 199A, even if it does not meet the definition of a “trade or business” as provided in Treas. Reg. 1.199-1(b)(14).  Read More ›

Categories: Property Tax, Tax

IRS to Announce Proposed Regulations on Full Expensing

Bloomberg BNA reports that the IRS is expected to announce proposed regulations for the full expensing provision under Code Section 168(k) sometime late-June or early-July. Read More ›

Categories: Personal Property Tax, Property Tax, Tax