Category: Real Estate

2023 Industry Planning: Rental Real Estate as Qualified Business Income

If you operate a rental real estate business, you may qualify to claim the business income deduction under Section 199A in one of two ways. Qualified Business Income Deduction (QBID) Congress enacted Section 199A to provide a deduction to non-corporate taxpayers of up to 20 percent of the taxpayer’s qualified business income from each of […]