Source: John Vogel, SOUTHEAST FARM PRESS, 1/25/18



While details of the federal Tax Cuts and Jobs Act are still shaking out, loss of the Section 199 (pass-through benefits) will have minimal impact on agriculture. That’s the bottom line. Section 199 benefits were lost with the tax reform act. But the 20% pass-through deduction of business income was largely restored by its replacement — Section 199A — for noncorporate taxpayers, including cooperatives, S corporations, sole...

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