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RE: Tax AMA - 2018 Tax Season - Ask Me Anything

in #bitcoin5 years ago (edited)

Yes of course, and even the appropriate deductions for travel expenses for the Steem-related conferences that I attended last year.

The 20% deduction I don't remember if we discussed last year but I will check on it this year.

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It's called 199A, depending on your personal situation certain mechanical limits kick in based on W-2 wages, business assets and classification of the line of business, but some taxpayers can skip all the limits and claim the benefit, all depending on personal situation and single vs. married.