20% deduction on pass-through income in 2018

[stellardoc1]

Tah

[pulmdoc]

For tax purposes, you do not need an LLC. As long as you report income on schedule E, it is potentially eligible for the deduction, subject to the income-based limitations discussed in excruciating depth elsewhere. It is important to note that figuring the deduction is on a "per entity" basis, which means that even if you make >$415k taxable income from doctoring, you can still potentially take the deduction on your rental income, it just would be subject to the "25% W2 wages +2.5% unadjusted basis" limitation. Hope that helps.