- TX Credits : 0.2
The deduction under Section 199A, better known as the Qualified Business Income Deduction (QBID), was introduced by the Tax Cuts and Jobs Act. While it sounds fairly simple as a deduction for twenty percent of qualified business income from a qualified trade or business, the calculation can become quite complex. This course looks at fairly simple examples for those taxpayers under the taxable income threshold.
Thomson Reuters is committed to bringing innovative solutions to you, now including nano-learning! As per NASBA Standards, a nano-learning course is a 10-minute, electronic, self-study course in which you are eligible to earn 1/5 (or 0.2) CPE credits.
At this time, nano-learning is not accepted by all state boards. If you are not sure whether your state board accepts nano-learning, you can ask your state board or visit the NASBA registry: (nasbaregistry.org).
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
calculate QBID for taxpayers under the QBID threshold.