199A Deduction: The Final Regulations

Overview

The course will focus on how the final regulations (released 1/18/2019) modify or illuminate the 199A proposed regulations. Gary McBride will assume that attendees already have a fundamental knowledge of the proposed regulations on section 199A.

Highlights

• Benefits of the new safe harbor for a rental real estate enterprise.
• What to do if the rental real estate safe harbor is not available.
• Refined explanations of a specified service trades or business.
• When entity level aggregation is desirable or detrimental.
• Increasing UBIA with the purchase or inheritance of a partnership interest.
• More favorable UBIA rules for like-kind exchanges.
• New ordering rules in the QBI component computation.
• Numerous structural and definitional clarifications
• Relief for trusts and estates.
• And More.

Designed For

CPAs and lawyers.

Objectives

• Identify the final regulations of 199A
• Determine how to the final regulations have modified the proposed regulations.