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Do you take the QBI Deduction?

Discussion in 'Trucker Taxes and Truck Financing' started by MercuryLine, Oct 7, 2019.

  1. Oct 7, 2019 #1
    MercuryLine

    MercuryLine Light Load Member

    127
    168
    Oct 4, 2019
    Southern California
    0
    Hi there. I am pretty new to this industry but wanted to ask- are motor carrier and owner operators eligible to take the 199a deduction. also known as a qualified business income deduction on up to 20%? Do you do this?

    Thanks!
     
    MercuryLine, Oct 7, 2019
    MercuryLine, Oct 7, 2019
    #1
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  3. Oct 7, 2019 #2
    x1Heavy

    x1Heavy Road Train Member

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    Mar 5, 2016
    White County, Arkansas
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    x1Heavy, Oct 7, 2019
    x1Heavy, Oct 7, 2019
    #2
    MercuryLine Thanks this.
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