Comments on: Section 199A: how small business owners can skip 20% of their taxes (HYW056) https://hackyourwealth.com/section-199a Wealth building hacks for lawyers & engineers Mon, 01 Mar 2021 08:34:58 +0000 hourly 1 https://wordpress.org/?v=5.9.10 By: Andrew C. https://hackyourwealth.com/section-199a#comment-59173 Wed, 11 Nov 2020 19:14:58 +0000 https://hackyourwealth.com/?p=6330#comment-59173 In reply to Regina Levy.

Good callout, thanks!

]]> By: Regina Levy https://hackyourwealth.com/section-199a#comment-59172 Wed, 11 Nov 2020 18:31:38 +0000 https://hackyourwealth.com/?p=6330#comment-59172 One MAJOR point that was not addressed, the 20% 199A deduction was created to equalize the tax effect of lowered tax rate on C Corps to 21%. Absent the 199A deduction it would have made sense for many S-Corps and others to become C-Corps.

]]> By: Andrew C. https://hackyourwealth.com/section-199a#comment-59170 Wed, 11 Nov 2020 15:37:14 +0000 https://hackyourwealth.com/?p=6330#comment-59170 In reply to PAUL E SCHOESSLER.

Thanks, glad it was helpful!

]]> By: PAUL E SCHOESSLER https://hackyourwealth.com/section-199a#comment-59169 Wed, 11 Nov 2020 15:32:37 +0000 https://hackyourwealth.com/?p=6330#comment-59169 Enjoyed the conversation. Very informative.

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