By: Amanda Wilson Section 199A introduced a 20% deduction for qualified business income (previously discussed here). To qualify for the deduction, income must be from a trade or business. Whether rental activity rises to …
Six Things To Know About the New Pass Through Income Deduction
By: Amanda Wilson The ownership structures for senior living facilities often involve pass-through entities such as partnerships and REITs. The tax reform legislation that was signed into law last month introduces a deduction for pass-through …
