Course Specifics
CPE Credit: 1 Hour
Field of Study: Taxes, Federal Tax
Course Level: Intermediate
Prerequisite: A basic understanding of individual income tax law and pass-through entity taxation.
Advance Preparation: None
Delivery Method: Self-Study
IRS Program Number: UBWMF-T-00349-25-S
CTEC Course Number: 6209-CE-00261
NASBA Sponsor ID: 116347
50 Minutes
Section 199A Deduction for Qualified Business Income
Course Description
As part of the Tax Cuts and Jobs Act of 2017, a temporary deduction, called the Section 199A deduction or QBI deduction, is available for taxable years beginning after December 31, 2017, and before January 1, 2026. This course provides a thorough review of these regulations.
Learning Objectives
- Identify the components of the 199A deduction
- Define what is not considered “performing services as an employee”
- Recognize when an activity is a Specified Service Trade or Business
- Recall the requirements for aggregation
- Calculate carryforward if loss from PTP exceeds REIT dividends and the taxpayer also has a QBI component Indicate how the 199A deduction is claimed on the return
- Apply the W-2 UBIA limitation for a partnership with no W-2 wages and income above the threshold amount
- Recognize the requirements for the real estate safe-harbor
Last Modified: 8/1/2025
Ready to purchase?
We offer course package pricing to suit a variety of needs.