In this episode of TaxProTalk, Tony and Jim discuss details of the Qualified Business Income updates after the IRS issued final regulations covering rental real estate and backing out adjustments to income, and calculating QBI in the simple and complex worksheets. They also discuss the latest on forms availability and an exciting update about the new 1040 form, based on customer feedback.
- Draft of IRS Publication 535
- Final Sec. 199A regulations
- Lacerte® release availability
- ProSeries® release availability
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