Which Form 8815 Deduction 2022-2023

Instructions and Help about Which Form 8815 Deduction

Welcome back to money in life TV everybody how y'all doing out there this is the channel where you can come to to learn about finances investing and taxes we are about to start part two the final part of helping you understand the $1.99 a 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 won't 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 was 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 this stuff is so technical ladies and gentlemen that's the only way you're truly gonna understand it and the best...