@MarilynG1
Hi, does Turbotax apply Safe Harbor (IRS Notice 2019-07) to treat rental real estate as a trade or business for the purpose of Section 199A ? or Use Section 162 to determine the trade or business?
The reason I need clarifications on it is that Turbotax doesn't warn or alert customers to keep the record of minimal 250 hours rental property service which is required if the Safe Harbor is applied. I didn't meet this '250 hours' requirement in 2019 so I need to know if I will still be qualified this QBI 20% deduction on rental property income if my rentals are prices at a fair market price.
Thanks.
