Owners of eligible pass-through businesses can now deduct up to 20% of qualified business income (QBI). This tax break is only allowed for individuals, estates and trusts. Here’s a summary of new final regulations that address rental activities, the impact of net capital gains, carryovers of negative QBI amounts, and how to calculate various components of the QBI deduction and its limitations.
The CBD Blog
Find peer advice, partner insights, and industry updates – all here in the CBD blog, ‘At The Helm’! With contributions from our entire team, we blog about the things that interest you.