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I am self employed. How do I take advantage of the 20% pass-through deduction in 2018? Do I need to set up an LLC? Can I still use Turbotax self employed software?
Does an LLC qualify for the 20% deduction? Is there a maximum income limit for a professional to get this deduction (dentist)? If there is a max. income limit, is the income gross income of net income after expenses and deductions? Can I use Turbotax online self employed version or another version to file my taxes after I set up LLC?
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‎June 6, 2019
6:56 AM