The IRS seems to apply this to the tax year.
- If all the safe harbor requirements are met, an interest in rental real estate will be treated as a single trade or business. It may consist of an interest in a single property or interests in multiple properties if you chose to group them together.
- IRS Tangible Property -FAQs
If you have chosen to group properties then it could be considered across all properties.
- If you add similar rental properties to your inventory and you have elected to group properties for the safe harbor, the newly acquired properties are automatically part of the group. Once you elect to group properties you must continue to group in future years.
@manbeing
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