Re: Buying vs renting
"Stephen D. Williams" <[email protected]>
| Newsgroups | gmane.culture.people.rohit-khare |
|---|---|
| Message-ID | <[email protected]> |
The rules around the qualified business income deduction are cometragically, stupidly complex: https://www.forbes.com/sites/anthonynitti/2017/12/26/tax-geek-tuesday-making-sense-of-the-new-20-qualified-business-income-deduction/#50e1053644fd > On December 22nd, President Trump signed into law the Tax Cuts and Jobs Act, finalizing a once-in-a-generation overhaul of the > existing Code and leaving the once-burdensome tax law so simple, we'll all be preparing our returns on postcards come the spring > of 2019. > > HAHAHAHAHAHA > > /wipes tear from cheek > > Simple. That's rich. I'll make a deal with you: how about we spend some time diving into/just one/ aspect of the bill -- the new > deduction bestowed upon owners of sole proprietorships, S corporations, and partnerships -- and then you decide for yourself just > how/simple/this all will be? > sdw On 2/28/18 3:16 PM, Lucas Gonze wrote: > Yes. > > And federal as well. I'm not even itemizing will make sense. > > On Feb 28, 2018 3:07 PM, "Gregory Alan Bolcer" <[email protected]> wrote: > >> I was just lamenting that, at least in California, for the first time I >> have no idea what my taxes are going to be like for 2018. California-world >> problems, ya know? >> >> Greg >> >> On 2/28/2018 2:06 PM, Stephen D. Williams wrote: >> >>> I thought I had friends here who knew all the things; I expect that they >>> could spout off in depth at a moment's notice about anything! I'm crushed. >>> >>> Each law has to have a way of being applied to each type of entity. I'll >>> have to research it soon. I suspect a lot of what actually goes on isn't >>> clearly out there. So far, this seems like it is an area where the useful >>> details are between high-end accounts, attorneys, wealthy clients, and IRS >>> agents who have no interest in sharing everything that is acceptable, >>> possible, or beneficial. A few well-known public cases that mention >>> details I'd never heard of or seen reinforce that. >>> _______________________________________________ FoRK mailing list http://xent.com/mailman/listinfo/fork