Hello.
thanks for the clarification. I don’t think I answered about the 250hrs question in TurboTax. But I didn’t choose an aggregate for the 2 unit LLC as I thought since both unit belongs to 1 LLC and therefore I chose the same LLC and I believe that’s how it formed an aggregation.
are you saying it should not be an aggregation unless I worked 250 hours on the unit itself ?
in turbo tax I also got this real estate professional question if I worked 750 hours or more. Which I chose no as an answer. The 250 hours that you mentioned above - is it the same thing or is it just a coincidence that TurboTax summed up 3 units with 250hrs each ?
On the safe harboring , are you saying there is a QBI deduction on the 2 unit LLC because it’s under safe harboring or because of aggregation?
What is the definition of aggregation? Is it simply by LLC?
