Section 199A in Real Estate Transactions: Taking Advantage of the Qualified Business Income Deduction
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will provide counsel with tools to structure real estate transactions to take full advantage of the 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 for claiming the deduction?
- What is QBI, and how is it calculated?
- When can rental income be treated as QBI?
- What are tax pitfalls to consider when reforming an entity to take advantage of 199A?
Moore Tax Law Group
Mr. Gupta is a tax litigation and criminal defense attorney with extensive private practice, government, and adjunct... | Read More
Mr. Gupta is a tax litigation and criminal defense attorney with extensive private practice, government, and adjunct teaching experience. At large and small law firms in California, he managed complex business litigation at trial and appeal stages. As a Special Assistant U.S. Attorney in the Northern District of Georgia, Mr. Gupta prosecuted violent and white-collar crimes. As an Attorney-Adviser at the U.S. Tax Court in Washington, D.C., he supported judicial review and resolution of deficiency redetermination, collection due process, and whistleblower actions. As Adjunct Professor of Law at DePaul, Chicago-Kent, and U. of Houston law schools, Mr. Gupta teaches civil and criminal tax litigation courses. Many of his publications have been cited in court opinions, journals, and treatises.Close
Joseph C. Mandarino
Smith Gambrell & Russell
Mandarino is a Partner in the Tax Practice of Smith, Gambrell & Russell, LLP. His practice focuses on... | Read More
Mandarino is a Partner in the Tax Practice of Smith, Gambrell & Russell, LLP. His practice focuses on corporate, tax and finance law. Mr. Mandarino is involved with a wide variety of businesses and transactions, including experience with compliance, planning and M&A activities for partnerships, individuals and corporations. Mr. Mandarino writes and speaks extensively on a wide range of business, tax and finance topics.Close