The §199A Pass-Through Deduction - Updated for 2024

SKU: 02-257-01-CPE
Credit Hours: 4
CPE Category: Taxes
CE Category: Federal Tax
Delivery Method: Online PDF
Instructor: Paul J. Winn CLU ChFC

Course Description:
The Tax Cuts and Jobs Act (TCJA) affects the tax planning and income tax liability for many taxpayers. Among those for whom the TCJA will have a more significant effect are business owners of pass-through trades or businesses who may be eligible for the TCJA’s pass-through deduction. This course examines this deduction.

Upon completion of this course, you should be able to:

Apply the rules to compute the § 199A deduction for pass-through business owners
Determine W-2 wages and the unadjusted basis of qualified property immediately after its acquisition (UBIA)
Define qualified business income (QBI), qualified REIT dividends and qualified publicly traded partnership (PTP) income and the special rules applicable to them
Recognize the aggregation rules applicable to the § 199A deduction
Identify the trades or businesses considered specified service trades or businesses (SSTBs) that may be ineligible for the pass-through deduction.