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Greater Capital Area Association of Realtors®

Big Win for REALTORS® on IRS Guidance for 20 Percent Income Deduction

Aug 17, 2018

The IRS has released proposed regulations on the new 20 percent business income deduction for pass through businesses. The deduction was part of the big tax reform law Congress passed at the end of last year and it was a huge win for REALTORS®. Now that proposed regulations are out, it's clear the new deduction will be available to a wide range of real estate professionals. See the proposed rules.