New tax plan and 20% pass through income deduction

[Robin White]

https://www.facebook.com/latimes/posts/10156180010518010 Can I claim the 20% pass through income deduction on my rental properties if I am a full time employee for my day job?

[Brian Schmelzlen]

Yes. The 20% deduction is actually a series of formulas with the max deduction being 20% so you will want to talk to someone who has studied it, but you do not need to be a “real estate professional” for tax purposes to claim it.