The 199A Tax Deduction can provide some benefits, for those tax payers or businesses who qualify. Sole proprietorships, partnerships, S corporations and some trusts and estates may be eligible for a qualified business income (QBI) deduction – also called Section 199A. Our quick video with Andy Frye of Pronto Tax School, runs through who can and can’t qualify for this Deduction. Pronto Tax Class also provides lots of additional quick videos on other related tax related topics. Visit our Business Tax Playlist to see more quick tax questions and answers. For additional IRS information on who qualifies for business tax deductions, check out the downloadable official IRS Business Expenses PDF Publication 535.
Download a Free Report Showing How to Claim the Home Office Deduction for a Corporation —> https://go.prontotaxschool.com/kYs61