Frequent LISI Commentators Bob Keebler and Peter Melcher have just written and UPDATED for the FINAL REGULATIONS what must be considered the ultimate guide to Code Section 199A – the Qualified Business Income Deduction. Here’s what Steve Leimberg recently said about their book:
179 Pages on the Qualified Business Income Deduction? Do we really need this? You bet we do! If your clients include sole proprietorships, partnerships, LLCs, S corporations, trusts, estates, qualified cooperatives and real estate investment trusts (REITs), you need to read (and reread) this book.
The strength of this new Keebler-Melcher book is the incredible number of examples the authors have inserted so that every point they make is immediately illustrated with practical examples – and with voluminous citations so you can check directly with the law to confirm their comments and suggestions.
One of the most important and potentially valuable provisions of the Tax Cuts and Jobs Act (TCJA) is the Code Section 199A 20% deduction for the qualified business income (QBI) of non-corporate taxpayers. You may think you understand this highly complex material, but until you’ve read this material and listened to Bob’s discussion of it, you haven’t mastered it – as you will have when you’ve finished!
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