Section 199A: Qualified Business Income Deduction

This lesson is best used after studying IRC § 199A in a Federal Income Taxation course. Some knowledge of partnership taxation concepts is useful. The lesson includes problems to work through, allowing you to apply the Code and Regs. to a variety of situations involving Internal Revenue Code § 199A.

Learning Outcomes

On completion of the lesson, the student will be able to:

1. Recognize the basic terminology of § 199A;
2. Recognize situations where § 199A does and does not apply;
3. Perform basic calculations by which a “qualified business income” deduction is determined.
4. Read written descriptions of how certain ratios are defined and then apply those ratios to various factual situations.