The qualified business income deduction rental property, introduced under the Tax Cuts and Jobs Act, offers a valuable tax break for certain business owners, including those involved in rental real estate. For rental property owners, understanding how this deduction works and when it applies is key to managing tax liability effectively. A major consideration is whether the property is held directly by an individual or through a pass-through entity such as a sole proprietorship, partnership, or S corporation. The QBI deduction is specifically available to income flowing through these types of structures. The income thresholds set by the IRS also influence how much can be deducted. To get more information click here #qualifiedbusinessincomedeductionrentalproperty
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