Webinar: Section 199A Deduction
199A: Lessons Learned, Maximizing Deductions for Pass-Throughs
The new qualified business income (QBI) deduction, also known as the section 199A deduction, will have a major impact on pass-through entities. This course will cover what was learned from the previous tax cycle and how that can be applied in future planning to maximize deductions.
Course Objective: Participants will learn how pass-through entities are impacted by TCJA and 199A. They will also learn how to best plan for the deduction in the upcoming tax season.
Learning Outcomes: Participants will be able to:
- Understand lessons learned from the first business cycle after TCJA such as aggregating vs. non aggregating
- Recognize pitfalls and unknowns of TCJA as it relates to 199A such as how loss carryforwards (i.e., passive losses or NOLs) affect the QBI deduction
- Plan for maximizing the deduction in the upcoming tax season
1.0 CPE credit in Tax
Jeffrey Kelson, Partner, EisnerAmper LLP
Allyson Milbrod, Director, EisnerAmper LLP