New guidance under section 199A

Section 199A

On January 18, 2019, the Treasury Department and the IRS released new guidance, including final regulations under section 199A regarding the deduction for qualified business income (QBI) from partnerships, S corporations, and sole proprietorships. What do taxpayers need to know? We’ll discuss: 

  • An overview of the final regulations, including a number of clarifying changes and new aggregation rules for relevant passthrough entities, and new proposed regulations released January 18, 2019; 
  • The new trade or business safe harbor rules for rental real estate enterprises
  • Methods for calculating W-2 wages for purposes of section 199A
  • Participants will gain important insights into the new guidance under section 199A and a practical understanding of the calculations required for compliance.
     

Learning Objectives
Upon completing this course, participants will:

  • Gain insight into the final section 199A regulations 
  • Discuss the treatment of previously suspended losses that constitute QBI
  • Gain awareness of rules applicable to taxpayers that hold interests in regulated investment companies, charitable remainder trusts, and split-interest trusts
  • Describe the new trade or business safe harbor rules for rental real estate enterprises
  • Apply the methods for calculating W-2 wages for purposes of section 199A

Register Now for this FREE webinar

Brought to you by Deloitte. Duration: 1 hour 3 minutes