RUNNING YOUR OWN BUSINESS IS A HELL OF A DRUG:β£ β£ Running your own business is a hell of a drug with the new Section 199A buisiness income deduction. This allows small businesses a deduction of 20% of qualified business income earned in a qualified trade or business. β£ β£ Qualified trades and businesses include all trades and businesses except for performing services as an employee. β£ β£ Qualified business income is the net amount of qualified items of income, gain, deduction, and loss in accordance with a qualified trade or business under Section 199A. Activities must be effectively connected with the conduct of a business in the United States jurisdiction. β£ β£ If you have any questions in reference to Section 199A Qualified Business Income Deduction - contact 800-558-6821 or send a message @stephensbrostaxservice β£ #Deductions #Section199A #Qualified #Business #Income #IncomeTax #StephensBrosTaxService #HellOfADrug #RunningOwnBusiness #RickJames https://www.instagram.com/p/BocVtwQhjYl/?utm_source=ig_tumblr_share&igshid=aorz0mdg0ywl





