November- Tax professionals from local accounting firm of Spraque & Jackson
November 25, 2019 4:30 PM - 6:00 PM
Angie Jackson and David Sprague
Topics for this meeting will include:
• What is the QBI Qualified Business Income Deduction and how can we benefit from using this?
• What exactly is a 1031 Like Kind Exchange, in simple terms? What are the income tax implications if one elects NOT TO do a 1031 when selling rental/investment property. What is depreciation recapture tax?
• What is the Di Minimus Safe Harbor Election and the $2,500 threshold? This is a great tax savings strategy if documented correctly.
• Q & A, we ask attending members to hold all their questions until this portion of the meeting.