Last week the IRS issued proposed regulations under Section 199A regarding the qualified business income (QBI) deduction. We have created charts of 10 of the examples included in Prop. Treas. Reg. §1.199A-1(c)(3) and (d)(4). We also created a video discussing the first four examples. See our YouTube channel.
The examples include:
1.199A-1(c)(3)
Ex. 1, QBI Ded'n, Below Threshold: TI Limit (No CG)
Ex. 2, QBI Ded'n, Below Threshold: TI Limit (With CG)
Ex. 3, QBI Ded'n, Below Threshold: CQBIA Limit
Ex. 4, QBI Ded'n, Below Threshold: CQBIA Limit (With REIT & PTP)
1.199A-1(d)(4)
Ex. 1, QBI Ded'n, Above Threshold: Zero Wages and Zero UBIA
Ex. 2, QBI Ded'n, Above Threshold: Zero Wages and 10M UBIA
Ex. 3, QBI Ded'n, Above Threshold: 30% Partner in P'ship
Ex. 4, QBI Ded'n, Above Threshold: 50% Shareholder in S Corp
Ex. 5, QBI Ded'n, Phase-in Range: 20% of QBI > Wages Plus
Ex. 6, QBI Ded'n, Phase-in Range: SSTB & 20% of QBI > Wages Plus
All 1,000+ charts on andrewmitchel.com can be viewed in topical order here or alpha-numeric order here.
