Assertion: patron | /r/CapableOf | receive qualified payments
Facets:
value: from a cooperative
type: OTHER
value: in 2019
type: TEMPORAL
Source sentences:
text: The proposed regulations provide that when a patron receives both qualified payments and other income that is not a qualified payment in its trade or business, the patron must allocate those items and related deductions using a ‘‘reasonable method based on all the facts and circumstances.
text: Qualified payments must be reported because patrons of cooperatives are required to apply a reduction formula to their Section 199A(a) QBI (20 percent) deduction if they received qualified payments from a cooperative in 2019.
text: Patrons that receive qualified payments from a Specified Cooperative are required to reduce their QBI deduction as provided in section 199A(b)(7)
text: Patrons that receive qualified payments must reduce their QBI deduction by the lesser of 9% of the QBI properly allocable to the qualified payments, or 50% of the W-2 wages paid with respect to the QBI allocable to the qualified payments.