Updated over 6 years ago on .
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Sec199A Trade/Business Safe Harbor: Not taxing 20% of RE income?
OK, this just came across my desk and I will admit that I am having a heck of a time comprehending it.
https://www.irs.gov/pub/irs-drop/n-19-07.pdf
Did the IRS just clear make the first 20% of my rental incoming non-taxed?
Can someone with accounting expertise break this down for us?