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When Renting to a C-Corporation Creates QBI

· QBI,C-Coporations

What rules apply for purposes of the new 20 percent deduction under Section 199A when you rent an office or other building to your personally owned C corporation?

 

Neither the IRS nor lawmakers specifically address self-rental to a C corporation.

 

But the Section 199A regulations are clear: rental activities that rise to the level of a Section 162 trade or business qualify for the Section 199A deduction.

 

The new Section 199A tax deduction can be confusing. If you would like to discuss your rentals with us, please do not hesitate to reach out to your team at Luster Tax Consulting to work through this with you. Please use the following link to book your complimentary strategy call with your team at Luster Tax Consulting.

 

https://calendly.com/lustertc/30min

What rules apply for purposes of the new 20 percent deduction under Section 199A when you rent an office or other building to your personally owned C corporation?

Neither the IRS nor lawmakers specifically address self-rental to a C corporation.

But the Section 199A regulations are clear: rental activities that rise to the level of a Section 162 trade or business qualify for the Section 199A deduction.

The new Section 199A tax deduction can be confusing. If you would like to discuss your rentals with us, please do not hesitate to reach out to your team at Luster Tax Consulting to work through this with you. Please use the following link to book your complimentary strategy call with your team at Luster Tax Consulting.

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