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AICPA ENGAGE 2019


EST1912 - Trusts and 199A


Jun 11, 2019 11:20am ‐ Jun 11, 2019 12:10pm

Description

An estate or trust operating a business as a sole proprietor or holding an interest in a partnership or S corporation is eligible for the Section 199A deduction. This session will discuss how the Section 199A deduction applies to estates and trusts, how to allocate qualified business income, W-2 wages and unadjusted basis between the entity and it beneficiaries. The session will also discuss the Section 643(f) anti-abuse regulations and how the Section 199A deduction applies to grantor trusts, charitable remainder trusts and electing small business trusts.

Learning Objectives:

  1. Learn how to allocate qualified business income, qualified business income and unadjusted basis between the entity and the beneficiaries.
  2. Learn how the Section 199A deduction applies to grantor trusts.
  3. Learn how charitable remainder trusts and electing small business trusts may be affected by the Section 199A deduction.

Speaker(s):

  • Jeremiah W. Doyle, J.D., LL.M. (Taxation), Senior Vice President, BNY Mellon Wealth Management
  • Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA , Partner, Keebler and Associates, LLP
Tags: EST CFP EA

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