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2. A New Tax Break for Rental Income - AOL

   www.aol.com/news/tax-break-rental-income...

   Self-employed individuals and owners of S corporations, partnerships and LLCs can now write off 20% of their qualified business income.

3. The QBI Deduction for Real Estate Activities - AOL

   www.aol.com/news/qbi-deduction-real-estate...

   The question that many tax professionals have been asking since the QBI deduction was created by the Tax Cuts and Jobs Act of 2017 is whether this write-off applies to real estate activities ...

4. The Qualified Business Income (QBI) Deduction - AOL

   www.aol.com/news/qualified-business-income-qbi...

   The 2017 Tax Cuts and Jobs Act introduced a deduction for qualified businss income (QBI) that provides a significant tax break to many business owners. The newly created Section 199A of the ...

5. State and local tax deduction - Wikipedia

   en.wikipedia.org/wiki/State_and_local_tax_deduction

   To claim the deduction, taxpayers must itemize their deductions on Schedule A of Form 1040. There is a $10,000 limit on the SALT deduction, or $5,000 for a married person filing a separate return. There is a $10,000 limit on the SALT deduction, or $5,000 for a married person filing a separate return.

6. Form 1099-MISC - Wikipedia

   en.wikipedia.org/wiki/Form_1099-MISC

   In the United States, Form 1099-MISC is a variant of Form 1099 used to report miscellaneous income. One notable use of Form 1099-MISC was to report amounts paid by a business (including nonprofits [1]: 1 ) to a non-corporate US resident independent contractor for services (in IRS terminology, such payments are nonemployee compensation), but starting tax year 2020, this use was moved to the ...

7. Internal Revenue Code section 1031 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   1031(e) stipulates that livestock of different sexes do not qualify for like kind exchange. 1031(h)(1) stipulates that real property outside the United States and real property located in the United States are not of like kind. The sale of the relinquished property and the acquisition of the replacement property do not have to be simultaneous.