§199A Qualified Business Income Deduction

When Is a Business Separate from Others?

When May and Should Businesses Be Aggregated?

Real Estate Rentals and Triple Net Leases – Bye-Bye Mystery

Planning, Structuring, Posturing and Planning

Written and Instructed by Bradley Burnett, J.D., LL.M. (Taxation)

(8 hour course)

By now, we have one-half of one TCJA tax season under our belt. The tax software companies are all over the board in approach. Are they following the proposed or final §199A regulations (you know, we have a choice for 2018)? K-1 issuers are spewing results as varied as colors in the rainbow. Amended returns are permissible by regulation. But wait.

Who’s right, who’s wrong? Is anybody wrong? Is more than one answer correct? May you disagree with a K-1? Sometimes yes, sometimes no. What if it’s flatly wrong? If you can report differently than did the K-1, how to do so?

Most of the controversy seems to center around whether businesses can be aggregated. Also controversial is whether businesses or rental properties stand alone, separate from each other, or are already automatically combined. Hugely controversial is whether real estate rentals are businesses.

Are real estate rentals businesses? What about triple net leases? Can properties be aggregated with businesses they are leased to? If that’s possible, when can it not be done? In this course, we’ll look more deeply than ever into the history of whether various types of rental properties and triple net leases are businesses or not.

Both the §199A proposed and final regs and accompanying guidance contain scores of examples. In this course, we’ll drill these examples relentlessly to answer the above and more questions.

Have you taken a §199A course before? If so, fear not. This course won’t be the same old thing. This course will take a considerably deeper cut than any other (even than courses taught by me before). How will this be accomplished? In the classroom, we will relentlessly work example after example after example after example.

We’ll drill planning points along the way, give you rules of thumb to live by and point out controversies that remain in the law (and how best to act in the face of them).

Fear not, you’ll be working examples along with the instructor for hands-on learning. Results? We think you’ll like them.

Course Date/Time