Section 199A: Schedule K-1 Reporting by Relevant Pass-Through Entities

Nov 5
12:30 - 4:00 p.m.

Fairfield Inn & Suites Philadelphia Broomall/Newtown Square
Broomall - Map

4-Tax
CPE Credits

Identify the required Schedule K-1 disclosures related to Section 199A. Understand how to allocate Section 199A relevant amounts to shareholders, partners, and trust beneficiaries.
Highlights

Reporting multiple activities within one entity
Reporting tiered entities
Reporting qualified wages and the unadjusted basis immediately after acquisition of qualified property
Allocation of Section-199A-relevant amounts to beneficiaries of trusts using DNI
How to handle separately stated items for which QBI status is determined at the shareholder or partner level
How ownership changes affect Section 199A reporting on Schedule K-1 reporting and REIT income to partners or shareholders
Allocating Section 199A amounts to partners when special allocations have been made by the partnership