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 me, click the link below to schedule an appointment for a Business Consultation
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Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.
Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.