Do I need to have an LLC to get the Section 199A deduction?
Date of Posting : June 30, 2020
No. You don’t need to. You will be happy to know that it is available to sole proprietors, rental property owners (according to our Information and the new regulations proposed by the state), S corporation
Shareholders and partnerships (multi-member LLCs, LLPs, and all the other similar variants). Creating an LLC is a good idea for many reasons, but you don’t need it for the Section 199A deduction.