Description

Section 199A creates a new deduction for up to 20% for Qualifying Business Income (QBI) from qualifying trades or businesses. This session will explore what constitutes a trade or business including discussion about Specified Trade or Businesses (SSTBs) and the relevant factors that indicate separate trades or business.

Learning Objectives:

• How to determine what a trade or business is for purposes of 199A
• What are the relevant factors that assist in determination of what is a trade or business for 199A

Speaker(s):

• James DeBree, CPA, James de Bree CPA
• Joyce L. Welch, CPA, Managing Director, Deloitte Tax LLP