Clarity on the New 20% Deduction
04.13.2019 - By Real Wealth Show: Real Estate Investing Podcast
If you have an S Corporation, a multi-member LLC, rental portfolio or Schedule C business, there is finally more clarity on how to take your 20% deduction. In this show, find out:
How a business can be part eligible and part not -- How pension contributions affect qualified business income ("QBI") -- When health insurance reduces QBI and when it doesn't -- Why QBI must be adjusted for prior-year passive losses -- New safe-harbor rule for qualifying rentals as a trade or business (and more).