Safe harbor QBI Aggregate statement rental properties?

Are we suppose to be typing a statement to attach along with the Safe harbor statement for Real estate Rentals. I have several electing to group since they have anywhere from 20-50 rentals. What kind of statement are they looking for us to type?I did not know if the statement that is set up in Lacerte that they sign is enough. I know there is a space where it says why can they aggregate did not know if we were suppose to be using that also. UGH!! I am on brain fade with all these  real estate  rentals by the time you have all this info to get in.

thanks for any input.  Greatly appreciated.



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A recent discussion we have may help answer your questions:

In terms of the format of the statement for treating multiple rental properties as one rental enterprise, you can modify the stock statement from Lacerte to list those properties and include a simple statement to the effect that "the rental properties listed herein are treated as one rental real estate enterprise by the taxpayer(s) pursuant to section 3.02 of Notice 2019-07".

To avoid Lacerte from printing one statement for each property that is grouped but to compute QBI for each, you can follow the steps outlined in this article:

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