Qualified REIT dividends PTP income The 199A QBI deduction may offer significant tax savings to qualifying business owners. If you’re not sure whether you qualify, it’s worth consulting with a trusted tax expert who can help you make sure to maximize your tax savings. Your restaur...
However, under the Tax Cuts and Jobs Act of 2017, as much as 20% of REIT dividends can qualify for a Section 199A deduction for qualified business income (QBI), effectively reducing the tax rate on those dividends. Should you consider investing in a PIE? Here are some things you should...
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Q2. Who may take the section 199A deduction?A2. Individuals, trusts and estates with qualified business income, qualified REIT dividends or qualified PTP income may qualify for the deduction. In some cases, patrons of horticultural or agricultural cooperatives may be required to reduce their ...