The Pass-Thru Business DeductionCode: 24-PBD

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Course Details

43 Pages

The passthrough business deduction - referred to as the §199A deduction or the deduction for qualified business income - was created by the Tax Cuts and Jobs Act of 2017. The deduction is available for tax years beginning after Dec. 31, 2017, but, will expire in 2026.  


After reading the materials, participants will be able to:

  • Recognize §199A's limited effective time period, it's complex calculation process and the general exclusions, limits, and restrictions applicable to the provision.
  • Determine the §199A deduction amount, the type of W-2 wages used in calculating the wage/capital limit and specify how the limit impacts the amount and availability of the deduction.
  • Identify qualified business income and loss, its basic components and the ability of a taxpayer to aggregate businesses in its determination.
  • Recognize the specified services trade or business exclusion, the listed excluded services and the important exceptions provided by the regulatory de minimis rule. Identify a domestic trade or business.

Presentation Method:  Self-Study

Category:  Taxation  

CPE credit:  2 Hours  

Program Level:  Update

Prerequisites:  None

Advance Preparation:  None

Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase

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