Can we claim it? Bronnenkant: Rental properties can potentially qualify for the QBI deduction. The IRS has provided guidance for taxpayers on how to analyze their situation to see whether their ...

Further, while the QBI deduction may prove advantageous for qualifying business owners, the proposed 199A regulations include anti-abuse safeguards to prevent improper tax avoidance schemes.

According to Internal Revenue Code 199A, a specified service trade or business (SSTB) may not qualify for all or any of the QBI deduction. QBI deductions begin to phase out at $326,600 for joint ...

Do I Qualify for the Home Office Deduction ... "Top Mistakes to Avoid to Maximize the QBI Deduction." Internal Revenue Service. "Simplified Option for Home Office Deduction." ...

For businesses taxed on their income at the entity level, most commonly organized as C corporations, the TCJA dramatically ...