Business Interest Expense Limitation. CPA/EA Exam.

[@kdickinson3342]

Thank you for making these videos. I'm taking online courses and one of my instructors doesn't actually instruct or teach the class. He wants us to teach ourselves and some of this content is really complicated. So thank you for explaining this confusing content in such a great way!

[@rudrakshbajaj7275]

Beautifully explained Regards from India

[@AccountingLectures]

Glad you liked it! Thank you and please visit the website for more farhatlectures.com/

[@RichOxonard]

Yes after 2017 163j applies to all taxpayers except certain categories. Not just Corporations, all taxpayers.

[@kaisali4]

Thank You so much Professor for making it so easy to understand.

[@AccountingLectures]

Glad it was helpful! Thank you and please visit the website for more farhatlectures.com/

[@jitendersiwach6872]

Doesn’t it apply to partnership also?

[@ramumarapeli]

Thankyou professor, i am very grateful

[@AccountingLectures]

Thank you and please visit the website for more farhatlectures.com/

[@user-sj2dv1gk2w]

How do you report carry over excess business interest expense from partnership K-1 , when it becomes deductible in current year from 8990 Line 30? Where does it go in Form 1040?

[@lycherasbry]

The ATI calculation is outdated. Starting 2022 tax year, when calculating ATI, depreciation, amortization, and depletion are no longer excluded and must be counted in the ATI. This means that ATI will be lower, and the limitation is more restrictive

[@guysmarket3285]

That might change soon my friend 🎉