qbi deduction plano: Dallas TX - Safe Harbor for QBI Deductions for Rental Properties - 12/25/19 04:12 PM
Taxpayers involved in Real Estate are the largest group of tax clients for my Richardson, TX tax firm. Did you know that Landlords who spend at least 250 hours a year managing and maintaining their rental properties may be eligible for the Qualified Business Income (QBI) deduction (QBID). That averages out to just under five hours a week.
  
What is the QBI Deduction (QBID) and How Do You Qualify?
Unlike other deductions, the qualified business income deduction does not require that you spend money. Instead, it’s a straight deduction, for up to 20% of net rental income for the year. For clients who … (0 comments)