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Section 1 9 9 A Deduction for Qualified Business Income EXAM Question 1 v v of 5 Which of the following is NOT true regarding

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Section 199A Deduction for Qualified Business Income EXAM
Question 1vv of 5
Which of the following is NOT true regarding the rental real estate safe harbor?
Separate books and records must be kept for each rental enterprise
The taxpayer must meet a 250 or more hours threshold with respect to rental services performed
Real estate professionals may count residential and commercial rentals as a single rental enterprise
Contemporaneous records must be kept including dates, hours, descriptions and provider of all services performed
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