Section 199A and QBI

By |2021-02-01T09:49:36-05:00March 14th, 2019|Industry News|

Your ownership of a pass-through trade or business can generate a Section 199A tax deduction of up to 20 percent of your qualified business income (QBI). The C corporation does not generate this deduction, but the proprietorship, partnership, S corporation, and certain trusts, estates, and rental properties do. The tax code says QBI includes the [...]

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