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Posts Tagged 199A

Home → Tag: 199A

IRS News Release – 20 Percent Deduction of Qualified Income

On August 10, 2018   /   Business, News, Uncategorized   /   Leave a comment

On August 8, 2018, the IRS issued proposed regulations related to the Qualified Business Deduction (Section 199A) which allows for pass-through businesses and sole proprietorships to deduct 20% of their “qualified business income”. Section 199A is complex with many varying facets and limitations to the deduction, including

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