199A Around the Tax World

I didn't want to start another tax thread discussing how people will interpret T or B for 199A. The purpose of this thread is to get an insight into what others are doing. Anybody have any knowledge of how the chains or big accounting firms are directing their tax preparers in identifying rental investment vs trade or business?

I spoke to a fellow tax preparer after the guidance was released and both of us came to the conclusion that we will take our time to file returns with QBI, until the tax software had a chance to catch up with the updates.

I am not sure how chain stores are handling it.

That would interesting to know how the chains stores are approaching it.

If net taxable loss = investment

If net taxable income = trade or business