Did Condo Dealers Catch a 20 Percent Break Under Section 199A?

Taxation attorney Mark Stone wrote an article for Tax Notes where he explains the condominium dealer’s likelihood of benefitting from the section 199A deduction. The Treasury approved the section 199A final regulations on January 18, effective February 8, that was passed under the Tax Cuts and Jobs Act. This new bill will provide up to a 20 percent reduction within the non-corporate tax rate from 37 percent to 29.6 percent for a limited time.

READ: Did Condo Dealers Catch a 20 Percent Break Under Section 199A?