Latest / Real Wealth Show: Real Estate Investing Podcast
Clarity on the New 20% Deduction
Clarity on the New 20% Deduction 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 why it may be a business even if the taxpayer does not meet the safe harbor)…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.