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Updated about 7 years ago,
Tax reform bill make rental income subject to SE tax?
Discussed this in a CPE class today. If you go to page 51 of the tax reform bill. ( just google it and you should find it..its 429 pages). On line 14 where it states "Application of Rental Income"...it says section 1402(a) is amended by striking paragraph 1. If you pull up section 1402(a) paragraph 1 this excludes rental real estate income from being subject to SE tax. So by "striking" or elimating this paragraph it would indicate rental real estate income would be made subject to SE tax under the tax reform bill.
Thoughts?