IRC Sec. 199A Repository
IRC Sec. 199A Repository
The IRS issued new proposed regulations under IRC Sec. 199A and finalized the regulations they issued last August. TD (REG-107892-18) contains proposed regulations concerning the deduction for qualified business income under section 199A of the Internal Revenue Code (Code). The proposed regulations will affect certain individuals, partnerships, S corporations, trusts, and estates. The proposed regulations provide guidance on the treatment of previously suspended losses that constitute qualified business income. The proposed regulations also provide guidance on the determination of the section 199A deduction for taxpayers that hold interests in regulated investment companies, charitable remainder trusts, and split-interest trusts.
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