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Business Deduction a Win for REALTOR® Party

February 11, 2019 Leave a Comment

REALTORS® have won another legislative victory, with the recent ruling from the U.S. Treasury Department and the IRS on the new 20 percent deduction on qualified business income. The final guidelines announced in January allow real estate professionals to benefit from the Section 199A 20% passthrough deduction. NAR highlighted three major provisions within the 247-page final […]

Filed Under: At A Glance, Government Affairs Tagged With: business deduction, cvarconnect, IRS, LLC, passthrough deduction, REALTOR®Mag, S Corp, Section 199A, Tax Cuts and Jobs Act, U.S. Treasury Department

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