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Which is it best: grouping 6 rentals as a "real estate enterprise" or choosing Safe Harbor for each property individually?
I have 6 rentals. Regarding Safe Harbor, should I choose: I elect to use a safe harbor for this property on it's own (IRS Notice 2019-07)
or
I elect to combine this property with other properties as a part of a "real estate enterprise" (Revenue Procedure 2019-38)?
Is there an advantage to choose individually or to group the 6 rentals? Our rentals are investments and not a business. Thanks
March 7, 2021
3:14 PM