Your Qualified Business Income Deduction
Just south of ‘Sawmill Creek…..
Hi Attorney Kevin Pritchett here
Qualified Business Income Deduction
The new tax bill, The Tax Cut And Jobs Act Bill contains a brand new business deduction:the Qualified Business Income Deduction.
Eligible taxpayers may be entitled to a deduction
of up to 20 percent of qualified business income
(QBI) from a domestic business operated as a
sole proprietorship or through a partnership, S
corporation, trust or estate.
There are TONS of eddys and currents ,exclusions and exceptions to this deduction and rather than list all of them here, I’ve posted a link to the IRS website on my Facebook Business Page which gives ALL the details.
CLICK HERE TO GET ALL THE DETAILS
Reach Out To Me If You Have Questions.
If you have comments or questions about any of this…send me an email :ironkop@gmailcom or if reading on my blog or Facebook page leave your questions or comments below.
Remember…..”Things Don’t Get Better With Neglect…..”
Kevin Pritchett, Esq
Law Office of Kevin Pritchett, Inc.
312-505-1957
ironkop@gmail.com
www.KevinPLaw.com
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Best
Kevin Pritchett, Esq