This session will help you identify ways to maximize your clients' Section 199A deductions. Reduce taxable income; properly identify qualified business income, and maximize the W-2 and property-based limitations.
Answer: 1. Identify the proper choice of entity and structure for maximizing the W-2 limitation for taxpayer's above the income threshold.
2. Identify traps for the unwary that may prevent a taxpayer from maximizing the Section 199A deduction.