IRS New Guidance on Section 199A & When Rental Income Qualifies for the 199A Deduction


Practitioners have been anxiously awaiting the final regulations explaining the §199A 20% deduction. IRS released the 247 pages of final regulations on January 18, 2019. The regulations address many of the questions raised by the proposed regulations issued on August 16, 2018. IRS says taxpayers may rely on either the proposed regulations in their entirety or the final regulations in their entirety when filing 2018 tax returns. Don will help you decide if the proposed or final regulations are best for a particular business. In addition, the IRS released a new safe-harbor rule treating real estate rentals as qualified §199A income (i.e., QBI). Don will explain the application of this new safe-harbor provision which applies to 2018 returns.


See course description


Don’s presentation will cover all major aspects of this long-awaited guidance including the following topics * When Rental Income Qualifies For The 20% §199A Deduction * Treatment Of Wages Paid To S Corp Owners And Guaranteed Payments To Partners * When An “Aggregation Election” May Be Made, When The Election Is Advisable, And How To Make The Election * Clarification Of When A Business Is A “Specified Service Trade Or Business” (SSTB), Including * Planning With The Anti-Abuse Rules To Prevent The Loss Of A §199A Deduction * §199A Reporting Rules (i.e., Reporting §199A Information On Forms K-1) * Whether Activities Of A Business Are One Trade Or Business Or Separate Trades or Businesses * Which Produces The Largest §199A Deduction, S Corp, Partnership, Or Proprietorship?* And More!

Who Should Attend

Individuals wanting to understand the new section 199A deduction.

Required Knowledge


Advanced Prep


Event Speaker(s)

Mr. Don Farmer, CPA ( Don Farmer, CPA, PA, Lenoir, NC ),

Additional Event Information

Check in for all in-person events begins 1 hour prior to event start time. Also, be sure to allow enough time for traffic, parking, and check-in. If you should arrive late or depart early, you must adjust your CPE credit accordingly.

Grandover Resort & Conference Center

Room Rate: $175 Single/Double

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Event Vendor:Don Farmer, CPA, PA
Field of Study:Taxes
Level: Update
Other:Enrolled Agent

Event Type:Seminar
Event Code:F1318

Registration Fees

F1318: IRS New Guidance on Section 199A & When Rental Income Qualifies for the 199A Deduction Early Bird Regular
NCACPA Member N/A $165.00
Non-Member N/A $215.00