Don Farmer’s §199A Newly Released Final Regulations Update (Webcast ONLY)
DON’T MISS WALTER NUNNALLEE’S 4-HOUR SEMINAR ON NEWLY-RELEASED FINAL REGS EXPLAINING THE 20% §199A DEDUCTION (INCLUDING TREATMENT OF RENTAL REAL ESTATE)!
On January 18, 2019 the IRS released its “final” regulations (247 pages) under section 199A addressing virtually every aspect of the 20% deduction. Taxpayers may use the August 2018 “proposed” regulations in their entirety or these newly-released “final” regulations in their entirety for 2018 tax returns. Along with the “final” regulations, the IRS issued Notice 2019-7 providing guidance in determining which rental real estate activities may be treated as generating “qualified business income” for purposes of the 20% deduction.
- Whether Income from a Rental Real Estate Activity Qualifies for the 20% Deduction;
- The Key Differences Between the Final Regulations and the Proposed Regulations;
- Which Business Income Is “Qualified Business Income” under Section 199A;
- Whether an “Aggregation Election” Is Available and Advisable (And How the Election Is Made);
- Whether a Business Activity Constitutes a “Specified Services Trade of Business” (SSTB) That May Not Qualify for the 20% Deduction;
- What Information Is Required to Be Reported by Pass-Through Entities and How it Will Be Reported;
- Whether an Anti-Abuse Provision Applies That Could Cause an Otherwise Qualifying Deduction to Be Reduced or Lost Altogether;
- Whether a Business Operation Represents a Single Trade or Business or Multiple Trades or Businesses.
- And More!
CPE Field of Study
Who Should Attend
At Least One “Tax Season.”
6:30 am - 10:00 am MDT