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One of the most important changes regarding pass-through entities as a result of TCJA is the addition of: The technical termination rule regarding transfers of
One of the most important changes regarding pass-through entities as a result of TCJA is the addition of:
The technical termination rule regarding transfers of partnership interest.
The QBI deduction to reduce taxable income.
The adjustments required when corporations revoke their election and change from a C corporation to an S corporation.
The increase in the amount that a partner can take as a result of their share of charitable contributions made by the partnership.
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