Business & farm


@kmenace45 wrote:

I'll figure it out.  I hope that next year Turbo Tax changes how they do the safe harbor statement and I gave them my input. 


I hope so as well, but they are pretty much tied to whatever the IRS dictates in terms of forms and schedules.

 

Also, in the event it was unclear, you can use the safe harbor by following the guidelines in the Rev. Proc. 19-38 (link below); you do not have to aggregate the rental properties on your return like you might if you were grouping rental activities under Section 1.469-9(g) for real estate professionals.

 

https://www.irs.gov/pub/irs-drop/rp-19-38.pdf