Objective
- Identify and understand the areas of Section 199A that need IRS guidance
- Identify and understand plausible tax return positions to take with respect to those areas of Section 199A where the IRS has not provided guidance
Highlights
- What is a trade or business for purposes of the Section 199A 20% deduction
- When is a rental activity a trade or business
- Relationship between the trade or business requirement and the passive activity rules
- How tiered entities claim the Section 199A deduction
- When basis of depreciable property is adjusted for purposes of the 2.5% limitation
- Calculating W-2 limitations when there are related business entities and/or a common paymaster
- Much more relating to the areas of Section 199A that need IRS guidance
Designed For
Tax practitioners who anticipate advising clients with respect to any aspect of Section 199A, the 20% deductionPrerequisite
A basic understanding of the tax rules relating to individual income taxAdvanced Preparation
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