Introduction to Qualified Business Income Deduction | Section 199A. CPA Exam REG EA Exam

[@tonoychakraborty813]

You continue to save my day Professor Farhat. Great job as always

[@AccountingLectures]

Most welcome check the website for tax courses:farhatlectures.com/courses/?current_page=1&search=&type=all&order=desc&orderby=alphabetical&filter-categories=income-tax-courses&filter-instructors=all&request_url=https%3A%2F%2Ffarhatlectures.com%2Fcourses%2F

[@MrFree006]

Thank you for taking the time to go through the process. I am an employee of a corporation that also own 50%. I pay myself wages, but I also share the profits of the S Corporation. Is my Business Income a Qualified Business Income?

[@vivianac.2574]

HI, I would like to understand the difference between regular W2 and 199A for owners and the cons and pros. Can an owner have only one of those, or should they have both W2 and 199A?

[@stevemiller9634]

at 15:00 I am confused on the QBI Calc. 100,000 ($150,000 - $550,000). Should that be $50K instead of $550K or is there something I am missing? Thank you for all your help!!!!!!

[@EricG-jf3zv]

Definitely should be 50K

[@cmamonapatel662]

In the first example, doesn't the deduction is subject to phase out? I am confused, please respond.

[@karimnagarian2776]

No, coz he's a married taxpayer. With phaseout limit of $364,200

[@cmamonapatel662]

@@karimnagarian2776 okay thanks ☺️

[@puja4079]

Thanks Sir., awesome explanation

[@AccountingLectures]

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

[@sadtosh]

THANK YOU VERY MUCH FOR THIS INFORMATION.

[@puja4079]

Can you please show example for SCORp with w2 compensation for owner

[@MiteshSura]

+1

[@tapanshah2831]

Thanks

[@AliceGutierrez-x4u]

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