qualified business income deduction (Section 199A)

URI: https://gptkb.org/entity/qualified_business_income_deduction_(Section_199A)
GPTKB entity
Statements (29)
Predicate Object
gptkbp:instanceOf gptkb:tax_law
gptkbp:appliesTo gptkb:S_corporations
partnerships
sole proprietorships
pass-through entities
some trusts and estates
qualified business income
gptkbp:codifiedIn gptkb:Internal_Revenue_Code_Section_199A
gptkbp:compatibleWith gptkb:C_corporations
employees
gptkbp:doesNotReduce self-employment tax
net investment income tax
gptkbp:expiresAfter 2025 unless extended
https://www.w3.org/2000/01/rdf-schema#label qualified business income deduction (Section 199A)
gptkbp:IRSGuidance gptkb:IRS_Notice_2018-64
gptkb:IRS_final_regulations_(TD_9847)
gptkbp:maximumLoanAmount 20% of qualified business income
gptkbp:notAllowedFor income earned outside the U.S.
gptkbp:partOf gptkb:Tax_Cuts_and_Jobs_Act_of_2017
gptkbp:reduces taxable income
gptkbp:reportsTo gptkb:IRS_Form_8995
gptkb:IRS_Form_8995-A
gptkb:IRS_Form_1040
gptkbp:startDate tax year 2018
gptkbp:subject income limitations
W-2 wage and property limitation
specified service trade or business rules
gptkbp:bfsParent gptkb:Tax_Cuts_and_Jobs_Act_of_2017
gptkbp:bfsLayer 5