Welcome back to Money in Life TV, everybody! How y'all doing out there? This is the channel where you can come to learn about finances, investing, and taxes. We are about to start part two, the final part, of helping you understand the $1.99 qualified business income deduction. Now, if you haven't seen the first part, make sure you go back and watch that video first. I'm gonna leave links in the description section and in the comment section. It's very important you watch that first because in the first part of this series, it's gonna help you understand the rules and the overall ideas behind this new 20% business tax deduction. After you've watched the first part to this series, come back to this video and we're gonna look at some calculation examples on screen. This Excel document that I'm showing you on screen right now has five full step-by-step calculation examples. And once you go through these and once we go through these, I think the rules part of it is gonna make a lot more sense. It's hard to understand the rules by themselves, it's hard to understand the calculations by themselves. But once you know both, then this deduction starts to make sense. So that's how I recommend you learn it. So, after filming this video and after watching it, after taking time to edit it, I realized there were points of clarification I needed to add. Now, I just wanna make it very clear that this video is going to help you tremendously understand the deduction, but it's not gonna take you all the way. I have to be brutally honest, the real stuff is so technical, ladies and gentlemen. That's the only way you're truly gonna understand it, and the best way to learn it is...
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Video instructions and help with filling out and completing Which Form 8815 Deduction
