Feb 18

How a new income tax deduction affects realty professionals

The National Association of REALTORS® (NAR) has developed specific examples of how real estate professionals will be affected by the new 20% Qualified Business Income Deduction of Section 199A of the Internal Revenue Code. Section 199A of the Code provides many taxpayers a deduction for qualified business income from a qualified trade or business operated directly or through a pass-through entity.