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Daily Archives: March 13, 2019

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Rental Owners! Guidance Related to the 20% Pass-Through Deduction

Blog, TaxBy Editorial TeamMarch 13, 2019

Ever since tax reform was passed, over a year ago, taxpayers have been uncertain whether rental property will be classified as a trade or business for purposes of qualifying for the new IRC Sec 199A 20% pass-through deduction (commonly referred to as the 199A deduction). Finally, on January 18, 2019, the IRS issued a notice…

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