Calculating New IRC 199A Qualified Pass-Through Business Income Deduction
Determining QBI, Eligible Entities, Phase-Ins, Carry-Forwards, Wage and Capital Limitations
An encore presentation featuring live Q&A
A 110-minute CPE webinar with interactive Q&A
This webinar will guide partnership tax advisers and compliance professionals in calculating the Section 199A Deduction of Qualified Business Income of Pass-Through Entities, which is central to the new tax overhaul/reform legislation. The panel will detail activities eligible for the deduction, describe those excluded from the deduction, offer practical approaches for calculating the deduction, and outline planning tools for pass-through entities to restructure business activities to qualify.
- Section 199A deduction defined
- Qualified business income
- Eligible partnerships and exclusions
- Wages and capital limitations
- Treatment of carry-forward losses
- Calculating the deduction
The panel will discuss these and other important questions:
- Identifying pass-through activities and revenues that are not “qualified business income” eligible for the Section 199A deduction
- How wage and capital limitations impact Section 199A deduction calculations
- Handling loss carry-forwards in calculating current and future year deduction
- Incorporating Section 199A deduction calculations into tax projections to determine if a business should restructure for tax purposes
- Calculating the 20% QBI deduction for separate lines of business
This is an encore presentation with live Q&A.
Jeffrey N. Bilsky
Partner, National Tax Office
Mr. Bilsky has more than 20 years’ experience providing tax services to private equity investment funds, capital... | Read More
Mr. Bilsky has more than 20 years’ experience providing tax services to private equity investment funds, capital management investors, complex operating partnership and corporate ventures, REITs, and commercial real estate companies. He has expertise in structuring partnership fund groups and modeling complex partnership calculations such as Section 752 liability allocations, Section 704(c) allocations, and maintenance of Section 704(b) capital accounts.Close
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