The Money Mustache Community
Learning, Sharing, and Teaching => Taxes => Topic started by: tralfamadorian on March 11, 2018, 06:30:17 AM
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https://www.bloomberg.com/news/articles/2018-03-06/rich-professionals-can-exploit-tax-break-for-farms-small-firms
From my reading of the article, it appears that unless Congress is able to push through an update to the bill, co-ops will be able to take a 20% deduction on gross income instead of net.
I’ve read other articles referencing this regarding farmers selling to co-ops but not in the wider application discussed above.
Anyone heard anything about this? Have any thoughts?