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Updated over 5 years ago, 04/13/2019
Paying oneself a management fee to increase QBI
Hi,
I have an LLC I can run income through, in years past I have never "paid" myself a management fee for self managing our rental properties as I had never wanted to pay the additional self employment tax. With the 20% QBI deduction, I was wondering if anyone had looked into paying themselves as they can now deduct 20% of the income? With Depreciation, we show a small loss ($5,000), but can show losses up to $25,000 as our AGI will be $100,000 or less.
Thanks!