The IRS recently released the highly anticipated proposed regulations for Section 199A deductions. For self-employed individuals and pass-through entities, these regulations could allow for the deduction of up to 20% of trade or business income. While the regulations have not been finalized, the proposal gives taxpayers a sense of what's to come.
The topics of this exclusive webinar include:
- Mechanics of the deduction
- Who qualifies and who does not
- Unanswered questions
- Planning considerations