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Updated almost 7 years ago on . Most recent reply
- BiggerPockets Money Podcast Host
- Longmont, CO
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Want to Talk Tax? Upcoming Podcast Episode Needs Your Questions!!
An upcoming episode of The BiggerPockets Podcast will feature BOTH @Amanda Han and @Brandon Hall answering YOUR questions about taxes - the new tax laws and how they affect regular people AND real estate investors.
What do you want to know? Ask away!
Most Popular Reply
1) In a recent blog post on Biggerpockets.com, Amanda mentions the new tax reform provides certain flow-through business income with a 20% deduction, which essentially makes 20% of the profits tax-free. Does this apply to income earned as:
(a) independent contractors (realtors, etc.)
(b) employees (W2 earners)
(c) rental property income (Schedule E)
(d) all of the above
2) What, if anything, needs to be done to take advantage of this benefit?
- Aaron Nelson