2018 is the first year you need to do year-end tax planning for your possible new 20 percent Section 199A tax deduction.
If your taxable income is above $157,500 (or $315,000 on a joint return), this article is a must-read.
If you ignore Section 199A planning, you might be looking at a big fat $0 for your deduction amount.
But don’t worry—it’s not too late to bring your Section 199A deduction back to life. We’ll give you four strategies you can implement before December 31, 2018. ... Log in to view full article.