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Level 2
February 6, 2020
Question

Statement to Attach to Return for Safe Harbor Election Under Rev Proc 2019-38

  • February 6, 2020
  • 2 replies
  • 24 views

Does anyone have a sample statement they are attaching to tax returns electing the safe harbor under revenue procedure 2019-38.

 

Thanks,

 

Mark

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2 replies

George4Tacks
Level 15
February 6, 2020
Answers are easy. Questions are hard!
itonewbie
Level 15
February 6, 2020

There is a standard statement in PTO.  On the input screen for the rental property, click on the Qual. Bus. Inc. Deduction tab and enter 1 on the line for Rental real estate enterprise number if claiming safe harbor (unless you have other properties to aggregate).  This will trigger PTO to generate the statement to be filed with the return.

---------------------------------------------------------------------------------Still an AllStar