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Tax Break for R.E. Pros

September 10, 2018

The most interesting provision for REALTORS® in the Tax Cuts and Jobs Act is the 20% deduction for qualified business income under Section 199A.  An IRS Q&A provides some straightforward answers. C.A.R. has prepared a Quick Guide and the following brief fact sheet.             The 20% Qualified Business Income Deduction; What You Need to Know (with Examples) What […]

Filed Under: At A Glance, Government Affairs, Pro Tips Tagged With: Attorney General Xavier Becerra, business income, Deduction, IRS, standard deduction, Tax Cuts and Jobs Act, taxable income

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