Deceased Taxpayers – Selling Real Property that Is Part of the Decedent’s Estate
Internal Revenue Code section 6324 provides that on the day someone dies a federal estate tax lien comes into existence.
Rental Real Estate to Qualify as a Business for Qualified Business Income Deduction
If all the safe harbor requirements are met, an interest in rental real estate will be treated as a single trade or business for purposes of the section 199A deduction.