CE/CPE Course Information

The New Section 199A: Qualified Business Income Deduction (2019)

CPE Credits: 2
Subject Area: Taxation
Field of Study: Taxes
Program Level: Overview
Lesson Version: 2019
Publication/Revision Date: December 31, 2019
Prerequisites/Advanced Preparation: None
Written By: James R. Hasselback, Ph.D.

Learning
Objectives
After completing this course, you will be able to
  • Identify whether taxpayers qualify for the Sec. 199A deduction
  • Calculate the Sec. 199A deduction
  • Calculate the phase-in of the W-2 (wage/qualified property) limit
  • Identify service businesses under Sec. 199A and calculate related phaseout limits
  • Determine how to treat qualified business loss
Course Topics
  1. Introduction
  2. Determine if the Entity Is a Qualified Trade or Business or a Specified Service Trade or Business
  3. Overall Limitation
  4. Overview of Steps to Calculate QBID
  5. Qualified Business Income (QBI) and How to Determine It (Step 1)
  6. Determine the QBID Allowed per Entity (Step 2)
  7. Combine the QBID Allowed from Each Entity (Step 3)
  8. Apply the Overall QBI Deduction Limit (Step 4)
  9. Qualified Business Loss
  10. Other Section 199A Rules

This self-study course consists of an Audiovisual presentation or a 10-question True/False Introductory quiz, a Knowledge Transfer Outline with multiple-choice questions for study and review, and a Qualified Assessment of 10 questions.

This course is designed for your convenience. You may log out at any time during the course; your current position and all work will be saved. The next time you log in, you can resume right where you logged off.

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