Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Tax Talk
- :
- 199a deduction
199a deduction
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
R5
Level 1
04-09-2020
01:07 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Could a plumbing business not be considered an SSB and thus the individual not have the high income limitation (157,500-single or 315,000-joint) on the 199a deduction based on a position that each plumbing system is engineered and/or customized?
This discussion has been locked.
New comments cannot be posted on this discussion anymore. Start a
new discussion
1 Comment 1
Slats
Level 4
04-09-2020
01:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
In the absence of additional information, I.E. type of filer, "Sole Proprietor, PTR, Corp, LLC" I would say that the aggregate income from the business is the defining factor to consider in the Sec. 199A deduction. If the income limitation is breached or above, then no Sec. 199A would apply. Each system may be unique for it's application and use, however the income derived as a whole would determine the limitations.
