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Tax Glossary
What Is a “Qualified REIT Dividend”?
A qualified REIT dividend is an ordinary dividend paid out by a Real Estate Investment Trust (REIT) that eligible taxpayers...
Tax Glossary
What Is a Qualified Plan?
A qualified plan is an employer-sponsored retirement plan that strictly meets the specific requirements of Section 401(a) of the Internal...
Tax Glossary
What Is Qualified Nonrecourse Financing?
Qualified nonrecourse financing is a specific type of loan used in real estate investment where the borrower is not personally...
Tax Glossary
What Is “ Qualified medical expense ”?
A qualified medical expense is a healthcare-related cost that is explicitly approved by the IRS for special tax-saving treatment. These...
Tax Glossary
What Is a Qualified Distribution?
A qualified distribution is a withdrawal from a tax-advantaged savings account—such as a Roth IRA, Roth 401(k), Health Savings Account...
Tax Glossary
What Is a Qualified Charitable Distribution?
A Qualified Charitable Distribution (QCD) is a tax provision that allows individual retirement account (IRA) owners who have reached age...
Tax Glossary
What Is “Qualified business income”?
Qualified business income (QBI) is the net profit a business owner makes from an eligible, active trade or business. It...
Tax Glossary
What Is the “QBI Phaseout”?
The QBI phaseout is a structural tax mechanism that gradually reduces or restricts the 20% Qualified Business Income (QBI) deduction...
Tax Glossary
What Is the QBI Component?
The QBI component is a foundational element used to calculate the Qualified Business Income (QBI) deduction, which allows eligible self-employed...
Tax Glossary
What Is Publicly Traded Partnership Income?
Publicly traded partnership income refers to the net profits, gains, deductions, and losses passed through to investors who own shares...