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19
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Robin White
  • Rental Property Investor
  • Temple City, CA
9
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19
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New tax plan and 20% pass through income deduction

Robin White
  • Rental Property Investor
  • Temple City, CA
Posted
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?

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477
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476
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Brian Schmelzlen
  • Accountant
  • La Mesa, CA
476
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477
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Brian Schmelzlen
  • Accountant
  • La Mesa, CA
Replied

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.

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