Harness the Power of EPD Pass-Through Deduction for Real Estate Investors

This essay will explain how these investments are taxed, and how the new 20% deduction for pass-through business income will affect them. ... passthrough entities like S corporations, partnerships, and limited ... For higher-income taxpayers, the 20% Qualified Business Income (QBI) deduction ... A pass-through entity tax (PTET) is a workaround to the state and local tax (SALT) deduction limit, enabling eligible pass-through entities to ... One of the bigger issues is a slew of unusual pass through income/expense items that can even confuse tax professionals. Many are immaterial ... ... deduction, and credit; partnership distributions and liabilities; and I.R.C. ... Environmental Quality Act (CEQA), the California... 2.5% of the unadjusted basis, immediately after acquisition , of all “qualified property.” Let's break that down separately, depending on ... The 2017 tax law created a new deduction for certain income that owners of pass-through businesses (partnerships, S corporations, and sole ... Saving from PTET goes hand in hand with other tax savings, such as the Qualified Business Income Deduction and Net Investment Income Tax, all of ... The deduction allows eligible taxpayers to deduct up to 20 percent of their QBI, plus 20 percent of qualified real estate investment trust (REIT) dividends. Enterprise Products Partners LP is a publicly traded partnership pursuant to Internal Revenue Code Section 7704(b) and is taxed as a partnership for US tax ...