The Department of the Treasury issued its final regulations providing clarity to the pass through 20% deduction. The final regulations indicate that the origination of a loan is not treated as purchasing securities for the determination of “dealing in securities”. As a result, mortgage bankers qualify for the 20% pass through deduction since they are not a specified service trade or business. Consult your tax professional to ensure this benefit is maximized on your company’s 2018 tax returns.
https://spiegelcorp.com/wp-content/uploads/2019/07/spiegelcorp-logo.png 0 0 Janis https://spiegelcorp.com/wp-content/uploads/2019/07/spiegelcorp-logo.png Janis2019-01-23 15:56:172020-05-18 23:11:04BREAKING NEWS Regarding the 20% Pass Through Deduction