Source: https://wwww.cpelink.com/self-study/sec-199a-final-regs-and-rental-real-estateoh-what-a-tangled-web/15846/
Timestamp: 2020-02-19 11:02:32
Document Index: 587422149

Matched Legal Cases: ['§199', '§199', '§199', '§199', '§6662', '§199']

Sec. 199A Final Regs and Rental Real Estate: Oh, What a Tangled Web Self-Study Course - Wolters Kluwer
Author: Bradley Burnett
Does rental real estate (RRE) qualify for the §199A deduction? When is a rental property a trade or business (T or B)? Does it really matter? What if the rental has net income? A loss? All of these questions have caused much confusion since the Sec. 199A Qualified Business Income Deduction (QBID) was announced as part of the Tax Cuts and Jobs Act of 2017.
The answers to these questions and more will be provided by experienced instructor and practitioner Bradley Burnett, JD, LL.M. in this two-hour course.
All CPAs, EAs, tax staff, and those who advise real estate businesses will benefit from this program.
TCJA — Comparing Top Income Tax Rates
Choose: §199A Proposed or Final Regs
§199A Final Regulations
QBID and Rental Real Estate
Is the safe harbor all it's cracked up to be?
Interaction of §199A and §6662 Accuracy Penalty
Loss Limitation ‐ Hurdles
SSTB — Crack and Pack Strategy
SSTB — De Minimis Rule
Where Does Crack and Pack Stand After Final Regs?
Wage or Wage/Property Limit
Effect of Business Losses on QBID
§199A and Aggregation
QBID — Which Side of the Fence? A New Thinking Process
Identify how the Sec. 199A Qualified Business Income Deduction can apply to Rental Real Estate
Describe the pros and cons of the "safe harbor" provisions provided by the IRS
Recognize how to show a "triple net lease" is affected by the Sec. 199A regs
Identify the top tax rate for pass-through income in 2018 as a result of the TCJA
Recognize the reduced based on the new QBI deduction
Describe correct statements with respect to considerations around rental real estate as a business
Identify an area related to aggregation that was impacted by the final regulations
Recognize the choices a taxpayer has with respect to Section 199A
Identify the clarifications on each area of the final Section 199A regulations
Describe when the QBI deduction is available
Recognize the IRS Safe Harbor Notice 2019-7 and how it applies to taxpayers
Identify which rental services included based on the rental real estate safe harbor
Identify which professions are outside the scope of SSTB based on the final regulations
Describe what year you can elect to aggregate on an amended return, based on final regulations