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Season Two TaxProTalk: Qualified Business Income Updates

Tony and Jim discuss details of the Qualified Business Income updates after IRS issued final regulations covering rental real estate and backing out adjustments to income, before calculating QBI in the simple and complex worksheets. Here is a link to more QBI deduction information, including the final regulations on 199A . 

They also discuss the latest on forms availability and exciting updates on the new 1040 form, based on customer feedback.