Just in time for the 2018 tax filing season, the Treasury Department and Internal Revenue Service have issued final regulations on the 20 percent deduction on qualified business income first made available by the 2017 Tax Cuts and Jobs Act.
The National Association of Realtors (NAR) called the regulations a significant victory for the industry.
RESPA News spoke with Evan Liddiard, NAR’s director of federal tax policy. Read on to learn what Liddiard had to say about the new guidance.
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