What Is the Gift Tax? The gift tax is a tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return. This tax applies whether or not you intend to make the transfer as a gift. What Counts as a Gift for Tax Purposes? You have […]
The 2017 Tax Cuts and Jobs Act (TCJA) created a new deduction known as the Qualified Business Income Deduction (QBID). It is also called the pass-through deduction or Section 199A deduction. The QBID allows small business owners to deduct up to 20% of qualified business income from federal income tax. Rental property owners will interested […]
Read More… from Qualified Business Income Deduction for Rental Real Estate Owners-Safe harbor rule