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Uncertainty About Using QBI Tax Treatment for Traders

from Forbes

Traders in securities and/or commodities, qualifying for trader tax status as a sole proprietor, S-Corp or partnership (including hedge funds), are wondering if they should use “qualified business income” tax treatment on their 2018 tax returns. Section 199A QBI regulations include “trading” as a “specified service trade or business,” and QBI counts Section 475 ordinary income or loss. more

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