Section 199A Deduction
- Mar 27, 2018
Why it's important:
- 20% deduction on flow-through income including rental income
- Reduces tax rate on income from top bracket from 37% to 29.6%
199 Capital A Deduction, which is a 20% deduction on flow through income, which includes rental real estate income.
It's a major deduction that reduces the tax rate on income for the top bracket of 37% down to 29.6% - major giveaway. That also applies to REIT dividends and a publicly traded partnership income.
Bonus Depreciation Increase
Provision for Losses Limit
What's on Your Mind?
Kenneth Weissenberg CPA, Tax Partner in Real Estate Services, is experienced in tax saving strategies and negotiating sales and acquisitions. He represents owners of some of the most well-known real estate properties in New York City.
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