- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I group our rentals in Safe Harbor as a Real Estate Enterprise?
My husband and I manage 7 rentals. Two rentals are in his name and his son's. We file a joint return and file on those two properties. Five of the rental are in my and my husband's name. So, we file a joint return on all 7 rentals. May we use a Safe Harbor and include all 7 properties as part of a "real estate enterprise"? The Premier Turbo Tax Programs asks for the name on each rental as I set them up; do I put husband's name on 2 rentals as I am setting them up and both of our names on the 5 rentals as I am setting them up? We put in over 250 hours in the group. Appreciate any help. Thanks.
March 8, 2021
11:20 AM