This document contains proposed regulations concerning the deduction for qualified business income under section 199A of the Internal Revenue Code (Code). The regulations will affect individuals, partnerships, S corporations, trusts, and estates engaged in domestic trades or businesses.
Yes it is big and it is complex but you may be able to write off 20 percent So, start reading it NOW I also include the new DRAFT 1040 form for 2018 and Schedule 5.
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