Section 199A Deduction of Qualified Business Income: Guide to Applying IRS Final Regulations & Revenue Procedures Webinar

To provide accountants and tax professionals with an update and refresher on the Section 199A Qualified Business Income deduction, including recent legislative changes, IRS guidance, calculation rules, and reporting requirements.

• Section 199A overview and Tax Act of 2025 updates
• Revenue Procedure 2019-38 rental real estate safe harbor
• Final Section 199A regulations
• QBI deduction computations and taxable income limitations
• Forms 8995 and 8995-A
• W-2 wages and qualified property (UBIA)
• Qualified REIT dividends and publicly traded partnership income
• Aggregation rules and reporting requirements
• Specified Service Trades or Businesses (SSTBs)
• Pass-through entity, trust, and estate reporting
• Practical examples, planning strategies, and common pitfalls

To provide accountants and tax professionals with an update and refresher on the Section 199A Qualified Business Income deduction, including recent legislative changes, IRS guidance, calculation rules, and reporting requirements.

DETAILED LEARNING OBJECTIVES

• Explain the purpose and scope of the Section 199A qualified business income deduction

• Identify taxpayers eligible to claim the Section 199A deduction

• Describe the requirements of Revenue Procedure 2019-38 for qualifying rental real estate enterprises

• Distinguish between rental services and activities that do not qualify as rental services under the safe harbor

• Identify rental arrangements that are excluded from the rental real estate safe harbor

• Determine which items are included in and excluded from Qualified Business Income

• Explain the treatment of negative Qualified Business Income and the applicable netting and carryforward rules

• Identify the reporting responsibilities of relevant pass-through entities for Section 199A purposes

• Explain the treatment of qualified REIT dividends and qualified publicly traded partnership income

• Apply the aggregation rules for qualified trades or businesses 

• Identify the requirements that must be met before businesses may be aggregated

• Distinguish between specified service trades or businesses and non-specified service trades or businesses

• Recognize the limited application of the reputation or skill rules under the final regulations

• Explain the reporting responsibilities of relevant pass-through entities and publicly traded partnerships

• Describe how the Section 199A regulations assist taxpayers in calculating the qualified business income deduction

• Section 199A overview and Tax Act of 2025 updates
• Revenue Procedure 2019-38 rental real estate safe harbor
• Final Section 199A regulations
• QBI deduction computations and taxable income limitations
• Forms 8995 and 8995-A
• W-2 wages and qualified property (UBIA)
• Qualified REIT dividends and publicly traded partnership income
• Aggregation rules and reporting requirements
• Specified Service Trades or Businesses (SSTBs)
• Pass-through entity, trust, and estate reporting
• Practical examples, planning strategies, and common pitfalls