Category: Blog

Section 199A Safe Harbor Rules for Rental Properties

We have seen a growing number of clients invest in the real estate market. With the passing of the Tax Cuts and Jobs Act, some of these rental properties have been eligible to claim a 20% deduction based on their net profit. However, not all rental properties are eligible for this new tax deduction. For […]

Section 199A: How much do you know about the 20% deduction and do you qualify?

One of the largest changes of the Tax Cuts and Jobs Act is the Section 199A deduction. This new section allows taxpayers to deduct 20% of his or her Qualified Business Income (QBI) from passthrough entities. However, not all taxpayers will maximize their benefit or benefit at all from this new deduction, which is why […]