PH: (718)263-4228 | EMAIL: Gary@GaryTAX.com

What To Ask Your Tax Advisors About The New Section 199A Regulations

What To Ask Your Tax Advisors About The New Section 199A Regulations
February 18, 2019 Admin

Internal Revenue Code Section 199A was enacted as part of the 2017 Tax Cuts and Jobs Act (TCJA), and slightly modified in 2018. This provision provides a tax deduction of up to 20% of the net income that a taxpayer receives from an active trade or business, which may include rental real estate

Source: What To Ask Your Tax Advisors About The New Section 199A Regulations