{"id":350,"date":"2018-07-03T02:15:28","date_gmt":"2018-07-03T02:15:28","guid":{"rendered":"https:\/\/0c8fb60.netsolhost.com\/en\/?p=350"},"modified":"2022-11-16T03:28:24","modified_gmt":"2022-11-16T03:28:24","slug":"290-2018-20-pass-through-deduction","status":"publish","type":"post","link":"https:\/\/www.usataxhelp.com\/en\/our-tax-blog-at-wwwirstaxtalkcom\/llc\/290-2018-20-pass-through-deduction\/","title":{"rendered":"2018 20% Pass-through Deduction"},"content":{"rendered":"\n

MUCH CONFUSION NOW!<\/strong><\/p>\n\n\n\n

In general the new tax law allows self-employed and owners of pass-through entities (partnerships and S Corps<\/em>) to deduct 20% of “qualified business income<\/strong>“.<\/p>\n\n\n\n

The law is COMPLEX with limitations, exceptions and undefined terms.<\/p>\n\n\n\n

Needs to define “qualified business income” more clearly.  Specified service entities are subject to high income limitations.  There is an issue wit tiered entities and whether or not Schedule E rental income is “qualified business income”.<\/p>\n\n\n\n

Expect guidance (hopefully clear guidance<\/em>) late this year 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

MUCH CONFUSION NOW! In general the new tax law allows self-employed and owners of pass-through entities (partnerships and S Corps) to deduct 20% of “qualified business income“. The law is COMPLEX with limitations, exceptions and undefined terms. Needs to define “qualified business income” more clearly.  Specified service entities are subject to high income limitations.  There […]<\/p>\n

Read More… from 2018 20% Pass-through Deduction<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,18],"tags":[],"class_list":["post-350","post","type-post","status-publish","format-standard","hentry","category-llc","category-sub-s-corporations"],"yoast_head":"\n2018 20% Pass-through Deduction - USA Tax Help<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.usataxhelp.com\/en\/our-tax-blog-at-wwwirstaxtalkcom\/llc\/290-2018-20-pass-through-deduction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2018 20% Pass-through Deduction - USA Tax Help\" \/>\n<meta property=\"og:description\" content=\"MUCH CONFUSION NOW! 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