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Mar 15, 2018

Analyzing Tax Reform Changes to the Pass-Through Income Deduction

*Among the provisions in the Tax Cuts and Jobs Act are changes to the pass-through income deduction. And they are perhaps the most confusing. Barry Groebel, CPA, tax partner with Herbein + Company in Reading, explains the nuances and exceptions that further complicate pass-through income deductions for businesses. For more information on 2017's landmark federal tax reform, check out the Federal Tax Reform Guide presented by the Pennsylvania CPA Journal.

Learn more about tax reform's effects at PICPA's Federal Tax Reform Conference.
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By: Jim DeLuccia, PICPA Communications Manager

*An update on this topic appeared in "PICPA’s CPA Conversations Podcasts Celebrates 100,000 Downloads" on Dec. 23, 2019.


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  • Barry Groebel | Mar 28, 2018

    Hello Joanne,

    I believe the general feeling is that the Qualified Business Income Deduction could apply to rental income. However, there may be a question regarding whether a rental income activity is a "trade or business". Some commentators have suggested that a typically triple net lease activity may not be considered a "trade or business". Hopefully the IRS will issue additional guidance, perhaps with regulations, that will clarify this issue. For now, I plan to assume that most rentals would qualify.

    I hope this helps.

    Barry Groebel

  • Joanne Natale | Mar 28, 2018

    great info - do we know if the deduction applies to rental income?


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