Qualified Business Income Deduction
What the 2018 tax brackets,standard deductions and more look like under tax reform
Qualified business income is defined as “the net amount of qualified items of income, gain, deduction and loss with respect to any trade or business.” Broadly speaking, that means your business’s net profit. But it also means that not all business income qualifies. QBI excludes: Capital gains or losses. Dividends.
What the 2018 tax brackets,standard deductions and more look like under tax reform