Section 199A in Real Estate Transactions: Taking Advantage of the Qualified Business Income Deduction
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will provide counsel with tools to structure real estate transactions to take full advantage of the new qualified business income (QBI) deduction under IRC 199A. The panel will discuss the requirements and limitations of 199A, the follow-up IRS regulations for 199A, and planning techniques to maximize tax savings for pass-through entities.
- Requirements of 199A and accompanying regulations
- Non-corporate entities that benefit from 199A: pass-through entities, REITs
- Defining QBI: rental and other business income
- Claiming the 199A deduction on individual returns
- Limitations on certain types of businesses or services
- Tax planning considerations
The panel will review these and other relevant issues:
- What are the potential tax benefits of 199A?
- What are the entity requirements of claiming the deduction?
- What is QBI, and how is it calculated?
- When can rental income be treated as QBI?
- What are some tax pitfalls to consider when reforming an entity to take advantage of 199A?
Leonard Nitti, CPA, MST
Mr. Nitti has a broad range of clientele including closely-held businesses, high net worth individuals, professional... | Read More
Mr. Nitti has a broad range of clientele including closely-held businesses, high net worth individuals, professional athletes, and real estate entities, including affordable housing, green energy incentives, and urban real estate. His knowledge in Federal and State taxation extends far beyond the compliance aspect and encompasses planning, research and problem solving. His major areas of concentration in taxation include real estate, partnership, and state and local tax. Mr. Nitti is a frequent speaker on these topics to CPAs, attorneys, and other professionals through both in-house sessions and seminars sponsored by other organizations. His expertise also includes structuring complex transactions, coordinating voluntary disclosure agreements, exit strategies for real estate owners and identifying tax savings opportunities and other financial incentives for his clients.Close
David J. Ritter
Mr. Ritter has been providing counsel on income and estate tax planning for individuals as well as their businesses and... | Read More
Mr. Ritter has been providing counsel on income and estate tax planning for individuals as well as their businesses and investments. He provides business succession and sophisticated estate planning services to a wide range of clients. Mr. Ritter brings to his practice deep knowledge of a myriad of business transactions and restructuring and the tax consequences of such transactions.Close