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.
CPAs and Finance Professionals with an interest of Tax.
At Least One “Tax Season.”