Sec. 199A A to Z: A Comprehensive Approach to the Biggest Tax Break in Decades (Full-Day Webinar)
We’ll take a comprehensive, deep dive into the final regulations and the real estate “safe harbor” provided in Notice 2019-07.
Coverage will include qualification of real estate under triple net leases, specified service trades or businesses, aggregation of real estate rentals, maximizing §199A when selling a business, strategies for maximizing the UBIA (property factor) and W-2 wages. We’ll provide sample aggregation disclosures and Notice 2019-07 statements. We’ll also cover thorny issues:
• Is QBI reduced by charitable contributions a partnership or S corp makes?
• Do LLC members have to receive a “reasonable amount” of guaranteed payments for services?
• Does the rental of a single piece of property qualify for the §199A deduction?
• What does the recently released IRS publication tell us about §199A?
• How do passive loss carryovers affect QBI?
• Should your clients with rental properties be issuing Forms 1099 to service providers (like plumbers)?