topic Investment adviser qualify for pass-through status in Self employed

Investment adviser qualify for pass-through status

GWE1925 — Tue, 19 Feb 2019 23:35:46 GMT

Does a sole proprietor investment adviser qualify for pass-through status and its 20% deduction in qualified business income? I'm under the taxable income threshold.

Re: Investment adviser qualify for pass-through status

IsabellaG — Wed, 20 Feb 2019 02:21:16 GMT

Yes, as a sole proprietor you would qualify for the new 20% Qualified Business Income Deduction. As an investment adviser, your business would be considered a specified service trade or business (SSTB). If your total taxable income is under $157,500 ($315,000 if filing jointly), the limits on the deduction will not apply.

Re: Investment adviser qualify for pass-through status

JayHo — Tue, 07 May 2019 00:17:28 GMT

I have a single shareholder S cor[. I am trying to pass through shareholder distributions as ordinary income and cannot get the Premier to accept the 17c figure from my K1 as income. It completely ignores it. This is income that is taxable. What gives?

Re: Investment adviser qualify for pass-through status

Anonymous_ — Mon, 16 Dec 2024 14:26:38 GMT