Mon - Fri 10:00-18:00 +1-469-213-1519
Click here for Tax Deadline

Who is eligible for the Section 199A deduction?

Date of Posting : June 22, 2020

All Individuals, trusts, and estates earning qualified business income-qualified REIT dividends, or qualified PTP income are eligible for the Section 199A deduction. In exceptional cases, patrons of horticultural or agricultural cooperatives may be asked to compromise with their deduction. The IRS will come up with separate guidance for these co-ops soon.