20% Flow Through QBI Deduction

This class is designed with only 1 goal in mind: to fully explain the 20% of qualified business income deduction. We discuss what types of income qualify for the deduction; what entities qualify (and don’t qualify); and what phase out tests apply. We discuss and define “specified services”, the W-2 threshold; the depreciable asset rules and then show you when they apply and how to calculate the effects of these phase outs. With over 25 examples, a free Excel calculator; worksheets and tables, this course will be your “go-to” to understand and apply this new deduction.