Insights

Dan Gottfried spoke on a panel, "The Qualified Business Income Deduction for Real Estate Investors and Professionals," at the 31st Annual Real Property, Trust and Estate (RPTE) National CLE Conference, presented by the American Bar Association and held in Boston, MA. The discussion explored how the new qualified business income (QBI) deduction under the Tax Cuts and Jobs Act applies to real estate investors and professionals, including which real estate activities generate QBI and which do not; when different businesses can be aggregated for purposes of calculating QBI; and other issues related to the computation of this new deduction.