CCH Learning Center

Description:
Topics covered include: 199A QBID- Overview; QBID limits for higher income taxpayers; Specified Service Trades or Businesses (SSTBs): Guard Rails; Wage and Property Caps Business-by-Business; Select the best option for the 2018 filing season: proposed or final regulations; QBID K-1 Disclosure; Loss Carryovers; Do Real Estate Rentals Qualify for QBID?; Where It Gets Foggy-Triple Net Leases and the 2nd Circuit; Rentals- Should be Issuing Forms 1099; Notice 2019-07: Rental Real Estate Safe Harbor; FAQ: Answers to Common Questions; Basis, At-Risk and Passive Carryovers; Caviar Wage Strategies; Goldilocks and 'Just the Right Amount' of Wages (non-SSTB); Final Regulations; Choosing the Right Door Proposed vs. Final Regs.; Appendix I: When Aggregation Hurts Taxpayer. Upon completing this course, you should be able to: Identify basic calculation of the qualifying income business deduction; Recognize and apply safe harbor as it relates to rental real estate; Differentiate between proposed 2018 regulations and the final regulations just issued for 2018 returns; Identify what's included within QBI income; Identify the QBI deductions for various filers; Recognize and apply correct statements relating to aggregation; Identify a topic area related to SSTBs where the regulations have only been proposed; Describe which type of individual would likely be included in the SSTB classification, based on the final regulations; Recognize which type of entity would result in all SSTB; Differentiate court cases where the court found rental real estate was a business; Identify an area where it gets 'foggy' as it relates to rental real estate; Identify an area where final regulations have been issued as it relates to QBID.