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February Newsletter

IRS Issues Final Section 199A Regulations and Defines QBI

IRS Clarifies Net Capital Gains in Final 199A Regulations
IRS Creates a New “Safe Harbor” for Section 199A Rental Properties

IRS Section 199A Final Regs Shed New Light on Service Businesses

IRS Updates Defined Wages for New Section 199A Tax Deductions

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January Newsletter

TCJA Tax Reform Sticks It to Business Start-Ups That Lose Money

Answers to Common Section 199A Questions

Avoid the 1099 Prepaid-Rent Mismatch

Avoiding the Kiddie Tax after Tax Reform

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Understanding the 199A Deduction

For tax years 2018-2025, the 2017 Tax Cuts and Jobs Act included a new deduction for non-corporate taxpayers for their domestic qualified business income (QBI). The deduction is generally 20% of a taxpayer’s QBI from a partnership, S corporation, or sole proprietorship. QBI is defined as the net amount of

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