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2017 updates for S199A deduction for fiscal year end sub s corporations

mike3
Level 1
 
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itonewbie
Level 15

If you're referring to pass-through of QBI, W-2 wages, and UBIA of qualified properties from the S-Crop which has its focal year ending in calendar year 2018, those items would be deemed to have been incurred in tax year 2018 by your client for purposes of §199A.

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Still an AllStar

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2 Comments 2
itonewbie
Level 15

If you're referring to pass-through of QBI, W-2 wages, and UBIA of qualified properties from the S-Crop which has its focal year ending in calendar year 2018, those items would be deemed to have been incurred in tax year 2018 by your client for purposes of §199A.

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Still an AllStar
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IRonMaN
Level 15

I don't believe there is such a thing since the deductions appear on the shareholder's 1040.


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