2019 PASS-THROUGH ENTITY RULES
One of the most important — and complicated — tax deductions available to owners of “pass-through” entities is the qualified business income (QBI) deduction. If you own one of these businesses you may get as much as a 20 percent reduction of your taxable business income. However, calculating the actual deduction can be very complex. Several factors are involved, including your level of income, your profession and the amount your business spends on wages and property acquired