What is the purpose of the qualified business income deduction under 199A? How is the deduction

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What is the purpose of the qualified business income deduction under § 199A? How is the deduction calculated? What information does the partnership report?

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...

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South Western Federal Taxation 2020 Corporations, Partnerships, Estates And Trusts

ISBN: 9780357109168

43rd Edition

Authors: William A. Raabe, James C. Young, William H. Hoffman, Annette Nellen, David M. Maloney

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Question Posted: Sep 19, 2019 05:25 AM

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What is the purpose of the qualified business income deduction under 199A? How is the deduction

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The qualified business income QBI deduction under 199A is designed to yield a lower effective tax ra...View the full answer

South Western Federal Taxation 2020 Corporations, Partnerships, Estates And Trusts

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