state sellers to collect sales tax.
Both individuals and businesses
20 percent deduction. Pass-through businesses will be required to be involved in providing necessary information for owners to calculate their 20 percent deduction.
Like-kind exchanges. Like-kind exchanges are only available for real property not held primarily for sale.
Qualified Opportunity Zones.
Taxpayer should review possibilities for deferring any gain on the sale of real or personal property by investing the gain in a Qualified Opportunity Fund within 180 days of the sale.
Ten-day rule for tax software updates.
Many states are implementing requirements that tax returns will not be accepted if they do not incorporate tax software updates that were released more than 10 days before the filing.
Tax return preparers