Updated Guidance on Sec 199A: The Qualified Business Income Deduction

October 25th, 2018

The IRS finally issued its highly anticipated guidance on the new “QBI” deduction through a series of proposed regulations. The most significant detail in the regulations relates to which activities are considered Specified Service Trade or Businesses that may be completely phased-out of the deduction. The IRS includes specific examples of activities in each field that will or will not full under this category.

Click here to read the full article from Forbes.

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