Podcast #113: Understanding Qualified Business Income (QBI) w/ Scott Estill

In the tax and business entity series that I did with Peter Mcfarland, he touched on qualified business income (QBI). I wanted to do a deep dive to understand it myself! Scott Estill, a former IRS senior trial attorney, agreed to come on the podcast to educate us. QBI is part of section 199A of the 2017 Tax Cuts and Jobs Act. If you own rental properties or a business, you’ll want to understand QBI as it can provide up to a 20% deduction of your qualified business income. Like most tax laws, it’s complex. Scott does a great job of breaking down QBI.  

In the tax and business entity series that I did with Peter Mcfarland, he touched on qualified business income (QBI). I wanted to do a deep dive to understand it myself! Scott Estill, a former IRS senior trial attorney and a nationally recognized tax expert, agreed to come on the podcast to educate us.

QBI is part of section 199A of the 2017 Tax Cuts and Jobs Act. If you own rental properties or a business, you’ll want to understand QBI as it can provide up to a 20% deduction of your qualified business income. Like most tax laws, it’s complex. Scott does a great job of breaking down QBI.

I’m not going to attempt to summarize it as it’s a complex topic. Learn by listening to the podcast or watching the video recording.

Connect with Scott Estill at https://scottestill.com/

Webinar recording – Watch it here or listen on the podcast.


Analyze Before You Buy
Start Evaluating Properties Today with Our Free Toolkit
In a rapidly changing market, having the tools you need to help you analyze the data is critical. Know what the numbers will look like ahead of time so you don't buy a bad deal. Our toolkit is designed to help you thoroughly analyze any kind of deal so you can invest with confidence.
Start analyzing your Colorado investment properties today
Rental Property Spreadsheet • House Hacking Spreadsheet BRRRR Calculator Spreadsheet • Fix and Flip Deal Analyzer Investing Maps • Rehab Pricing Estimator
Start analyzing your Colorado investment properties today
Rental Property Spreadsheet • House Hacking Spreadsheet BRRRR Calculator Spreadsheet • Fix and Flip Deal Analyzer Investing Maps • Rehab Pricing Estimator
Authors
Chris Lopez
Chris Lopez is a Denver area real estate entrepreneur and investor, as well as the host of Bigger Pockets’ House Hackerz and the Denver Real Estate Investing Podcast.
Similar Post You Might Also Like
Deal Analysis - Denver
How This Investor Still Lives for Free
Jeff White joins us to analyze his 7th house hack—just one away from his ultimate goal of owning 8 properties!
Deal Analysis - Denver
How to Combine House Hack Strategies to Live for Free
One of the great things about house hacking is its versatility—house hackers aren’t locked into just one strategy. In this
Sign Up For Our Newsletter
What do you want to learn today?