The New IRC §199A: Qualified Business Income (QBI) Deduction

Tax Year: 2018
Prerequisite: General understanding of federal tax law concepts, as this course is to discuss the changes to it and new laws.

Course Description:
One of the biggest changes in the new tax laws for 2018 is the new Qualified Business Income Deduction.  It’s complicated. It affects many taxpayers at the personal return level but affects the business pass-through entities at their level as well, it has lots of thresholds and carve-outs. We are going to learn about all these today.

Learning Objectives:
Upon completion of this course, you should be able to:

  • understand and be able to use applicable terms and acronyms
  • apply the thresholds and phaseout limitations involved in QBID
  • understand who is and is not eligible for the QBID and how it applies to rental properties
  • work several examples of the calculations involved in QBID at the various thresholds
  • apply rules regarding the SSTB category
  • apply planning opportunities for entity selection and application of depreciation rules on QBID


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