Introduction
The Tax Cuts and Jobs Act ((TCJA)) of 2017 allows many tax payers to exclude 20% of their Qualified Business Income ((QBI)) from their taxable income. This results in a lower effective tax rate on QBI. Since QBI includes several types of pass-through income (e.g. sole proprietorship, partnership, S-Corporations, REIT, and MLP), many investors and business owners are going to get a decent additional tax break for 2018 and beyond. My last article, published on Seeking Alpha, covered the QBI deduction in more detail. This article takes a more detailed look at the