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199A, stick with c corp or switch??
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senodak
Posted 10/15/2018 21:15 (#7049211 - in reply to #7048975)
Subject: RE: 199A, stick with c corp or switch??


It appears as average farm c corps kind of got screwed on the new tax law. Most farms were able to keep most income taxed at the previous low rate. It will be interesting to see what other responses this gets because I also would like to know. For now it seems like a switch would be favorable unless you are planning on having high enough income to take advantage of the new 21% rate.

Edited by senodak 10/15/2018 21:16
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