qualified assets – The Burns Firm – Advisors of Complex Financial Matters

Limitations Based on W-2 wages and the Basis of Qualified Assets

December 27th, 2018|Categories: Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax, Tax Planning, Tax Return|Tags: business, CPA, qualified assets, tax, The Burns Firm|

Limitations on the deduction for qualified business income (QBI) begin to phase in when an individual's taxable income (calculated before any QBI deduction) exceeds the threshold of $157,500 or $315,000 [...]