Hi {!firstname_fix,},
Buried in the new tax law is a windfall for real estate investors
-- a federal tax deduction of up to 20% of net rental INCOME. Most people who own shares in real estate investment trusts can also deduct up to 20 percent of their ordinary REIT dividends.
It in the section of the law titled “Deduction for qualified business income of pass-thru entities.” It essentially lets owners of pass-through entities deduct up to 20 percent of their business income on their personal tax return, subject to certain limits.
Pass-through entities include sole proprietorships, partnerships, limited liability companies and S corporations.
-- Bill Mencarow, The Paper Source