QBI Deduction: How Advisors Can Take Advantage

Faculty Member Michael Finke Landscape Photo
October 10, 2019

Can financial advisors benefit from the 20% qualified business income (QBI) deduction from the Tax Cuts and Jobs Act of 2017?

Michael Finke, PhD., CFP®, WMCP® Program Director at The American College of Financial Services, interviews Jeff Levine, Director of Advisor Education at Kitces.com, about how the QBI works, hybrid financial advisor public perception, and the differences in advisors who sell insurance.


In this video, you will learn:

  • Which advisors can use the QBI deduction

  • How the deduction can drop from over $50,000 to zero for some advisors

  • What is special about insurance sales

  • What happens if you provide both investment and insurance advice

  • Strategies for maximizing the QBI deduction

  • Why the QBI deduction has to be managed more carefully for some businesses than others

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