A Look at New Sec. 199A Deduction for Qualified Business Income

Do you qualify for the new 20% deduction for pass-through entities (S corps, LLCs, partnerships, sole proprietors)? Yes, no, partially, not sure yet – all possible answers. It turns out that this determination will depend on several things and may be anything but simple. But there are a few substantial factors: (1) how is the income derived, i.e. is [...]