Answer:
This deduction, created by the 2017 Tax Cuts and Jobs Act, allows non-corporate taxpayers to deduct up to 20 percent of their QBI, plus 20% of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income.Jul 16, 2019
Explanation:
or 2018, the threshold amount is $315,000 for a married couple filing a joint return, and $157,500 for all other taxpayers. The SSTB limitations don't apply for taxpayers with taxable income at or below the threshold amount.This new deduction is equal to 20% of a taxpayer's “qualified business income” (QBI). QBI is calculated by netting the total amount of qualified income, gain, deduction and loss from any qualified trade or business. ... Capital gains and losses, certain dividends and interest income are some of the excluded items.Apr 2, 2019Section 199A defines a qualified trade or business by exclusion; every trade or business is a qualified business other than: The trade or business of performing services as an employee, and. A specified service trade or business.
Answer:
what are you talking about
Answer:
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Explanation:
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Answer:
The Supremacy Clause is located in Article VI, Clause 2 of the Constitution of the United States. The Supremacy Clause states that the Constitution, any and all treaties made under the powers of the Constitution and/or federal laws, and all laws made by the federal government under the authority of the Constitution are the Supreme Law of the Land. This means that are federal laws as described above are given higher authority and power over any conflicting state law. Any state law that conflicts with federal law will be stuck down as unconstitutional.
Explanation:
