Can you take advantage of the QBI deduction?
The Tax Cuts and Jobs Act brought some changes to 2018 tax returns, allowing owners of pass-through entities to take advantage of a large deduction for qualified business income (QBI). So, what do these changes mean moving forward for owners of these types of businesses? Well, that depends. This deduction has limitations, so there are many factors to consider. Here are a few questions to help you determine whether your… Read more