Earlier this month, the Treasury Department and the Internal Revenue Service issued final regulations regarding the new 20% deduction on qualified business income Sec 199A.
Continue reading “Qualified Business Income ( 20% QBI) deduction for Rental Properties and Real Estate Professionals”Tag: 199A
Section-199A Qualified Business Income Deduction
One of the best changes, and definitely one of the more difficult regulations to qualify for that came out of the Tax Cut and Jobs Act of 2017 is the Qualified Business Income Deduction for passthrough entities. Continue reading “Section-199A Qualified Business Income Deduction”