Will I still get a 20% qualified business deduction on the amount I do not pay the management company, thus saving me on taxable income?

It does re-set when a taxable event (sale).

S Corps generally only make a lot of sense when reasonable comp is low in relation to net taxable income or the business is a 'Specified Service Trade or Business' and the taxpayer's net taxable income is above the QBID phaseout.Best of luck on your journey. 

Bill should consult an attorney to figure out what he must disclose, and a CPA to discuss how to minimize his taxable income.

I will give you an example.. on my w-2 my taxable income is X and they are asking why my w-2 doesn't jive with my yearly income.

My understanding is that as a permanent resident the income generated would just be filled out on my personal tax return, and that only the net income would be taxable (ie I can deduct the costs of servicing the loan and operating expenses), and I would be taxed according to whatever tax bracket this puts me in.

The cash receipts method dictates that cash or equivalents are taxable income in the year of actual or constructive receipt by the taxpayer or taxpayer's “agent”, regardless whether the income was earned in that year.

This 20% is Applied to Your Share of the Taxable Income From a Pass Through Entity.Deduction is Phased Out if Your Income is Too High: Phaseout Begins at $157,500 (Single)/$315,000 (Married Filing Joint).Non-Service Businesses Who Exceed The Phaseout Amount Default to This Limitation: 50% x Wages Reported On Pass Through Business or25% x Wages Reported On Pass Through Business Plus 2.5% x Tax Basis of Depreciable Property.CORPORATIONS Effective 1/1/18Permanent – Meaning No Expiration Date.21% Flat Tax Replaces Graduated Tax Brackets.Territorial System Replaces World-Wide SystemAll Foreign Profits of U.S.

Because the funds were not deposited back to an IRA within 60 days, there is no way to unwind the taxable distribution.

Is it possible to structure a partnership interest liquidation so it is NOT taxable to a partner, YES it certainly is, but it will depend upon your specific facts.