QBI Update – How the Final Regulations Affect Clients On-Demand Webinar
The IRS released final regulations clarifying many unanswered questions about the new qualified business income (QBI) deduction. This webinar examines the final §199A regulations issued as well as additional guidance on calculating wages for purposes of the QBI deduction. Additionally, the final regulations provide guidance when determining whether real estate rental activities qualify as a trade or business or meet the safe harbor procedures. Along with the final regulations, the IRS released proposed regulations regarding QBI deductions for regulated investment companies (RIC) and publicly traded partnerships (PTP).
Upon completion of this course, you will be able to:
- Summarize final regulations regarding QBI.
- Identify the safe harbor procedures for rental activities.
- Determine wages for purposes of the QBI deduction.
- Distinguish whether or not RICs qualify for the QBI deduction.
This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Attendee Top Questions. CPE is issued after exam is successfully completed.
Larry Gray, CPA, CGMA