Unlock Tax Savings for Rental Properties EPD Pass-Through Deduction

for taxable years through 2022, at least 250 hours of services are performed each year for the enterprise; and ... pass-through entities to ... Individuals and entities owning rental real estate can treat a rental real estate enterprise as a trade or business for QBI purposes if they meet certain ... Instead, pass-through businesses would be eligible for a deduction equal to 23% of the business' income. Thus, for instance, if the business ... ... pass-through entity tax regimes. In the courts, a New York decision ... deduction for investment income. Find out more about these and ... ... enterprise may rise to the level of a trade or business, and therefore rental income can be QBI for purposes of computing the section 199A deduction. Page ... 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. One of the bigger issues is a slew of unusual pass through income/expense items that can even confuse tax professionals. Many are immaterial ... The deduction lowers the marginal income tax rate on qualifying pass-through business income well below the top rate on labor income. Repeal ... However, it presents a significant tax-savings opportunity for taxpayers earning qualifying income through pass-through entities. Qualified ... Relevant passthrough entities: The proposed regulations define a relevant passthrough ... enterprise” would be treated as a trade or ...