How to keep contemporaneous logs for pass through tax deduction

[Joshua T.]

I want to document my agent's and my own activities so I can claim the 20% Pass-Through Tax Deduction (aka Safe Harbor). I know the logs have to be contemporaneous. Wondering how others are doing this?

[Michael Plaks]

@Joshua T.

As mentioned by others, the 250hr safe harbor is an unnecessary gimmick. You should qualify as a trade or business as is.

But there're plenty of apps to do these logs if you want to be extra safe or if you're trying to qualify as a Real Estate Professional, a different game that also requires contemporaneous logs. Just google "time-tracking apps."