The Section 199A Deduction: Rules and Forms Reporting

Description

This program addresses the Section 199A deduction for flow-through entity income, including a review of the major provisions, forms reporting and recent developments.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics covered in this class include:

• A deep-dive look at Section 199A, flow-through entity deduction
• Calculation of qualified business income
• Application to rental real estate "safe harbor" rule and aggregation rules
• Self-rental rule for Section 199A compared to self-rental rule for passive activities
• Differing impact on the sole proprietorship, partnerships and S corporations
• Forms reporting in Form 8995 and Form 8995-A
• Section 199A flowchart

Objectives

After attending this presentation you will be able to...

• Understand in depth the deduction for income under Section 199A
• Understand reporting in From 8995 and Form 8995-A

Designed For

CPAs in public practice seeking an update on the latest tax developments related to the flow-through entities deduction.