ItoNewbie, thanks for sharing external content. I'm a big fan of Tony Nitti, CPA's articles in Forbes, but the Jan, 2018 article you referenced was updated with more accurate information after the IRS issued regs in Aug. Check this article for more accurate analysis and thank you for the helpful post!

https://www.forbes.com/sites/anthonynitti/2018/08/09/irs-provides-guidance-on-20-pass-through-deduct...