How do I elect the "Safe Harbor" for Rental Real Estate for Section 199A in a business return using worksheet view?
- Article Type:
- How To
- Last Modified:
- 11/05/2022
Objectives
How do I elect the "Safe Harbor" for Rental Real Estate for Section 199A Notice 2019-7 in a business return using worksheet view?
Environment
CCH Axcess™ Tax
CCH Prosystem fx Tax
1065
1120
1120S
CCH Prosystem fx Tax
1065
1120
1120S
Procedure
On release 2018.02070 (2018-2.7) an option was added for this election.
- Go to Income/Deductions > Qualified Business Income (Section 199A) worksheet.
- In section 1 - General, select Produce "Safe Harbor" election (field 4).
- Calculate the return.
- Note: This election will print with the government copy, and will appear after the 1065 return. It will not print in the federal elections.
Additional Information
N/A
Solution Id | 000154242/000096986 |
---|---|
Direct Link |