The New ‘Qualified Business Income Deduction’ Varies Based On Your Business Type – Or Does It?

Two short weeks ago, we dissected perhaps the most widely-anticipated but least-understood aspect of the Tax Cuts and Jobs Act: the new deduction available to business owners. As a reminder, under the new law, after January 1, 2018, the owner of a: sole proprietorship reported directly on Schedule C rental activity reported directly on Schedule E S corporation, […]