I suggest you ...

Hours tracker spent on activities relating to rental prioperties. New tax law 20% ded based on 250 Hrs.

a time log as well as a mileage log integrated in the software with the ability to choose properties to allocate to would be great. Of course reporting available also is key.

rental real estate owners that spend at least 250 hours a year involved with the business can get the deduction, according to the IRS guidance. (https://www.accountingtoday.com/articles/business-owners-get-irs-rules-on-20-percent-section-199a-tax-break)

according to my acct: The 250 requirement is combined for all properties as 1 "enterprise". This include schedule E or pass-through rental real estate income.

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Rookey, Kevin shared this idea  ·   ·  Flag idea as inappropriate…  ·  Admin →

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