Making the most of the new pass-through deduction
$225.00
Description
Abstract: Under the Tax Cuts and Jobs Act, owners of pass-through entities may now deduct up to 20% of their qualified business income. However, the deduction is subject to income limitations. This article proposes one planning opportunity involving nongrantor trusts for those whose taxable income exceeds the threshold.
Additional information
Year | |
---|---|
Niche | |
Newsletter | |
Issue | |
Word Count |