What is the QBI safe harbor rule?
(This podcast was originally featured on JournalOfAccountancy.com.)
Drake Software Vice President of Strategic Development John Sapp, CPA, recently visited the Taxing Subjects Podcast studio to discuss another hot topic: the section 199A qualified business income deduction.
After a quick explanation of QBI, John explained the new safe harbor rule and Forms 8995 and 8995-A. If you’re interested in learning more about the latest developments for a deduction introduced in the Tax Cuts and Jobs Act, check out this episode.
Want a handy QBI resource? Download the "Does My Client Qualify for QBI?" infographic.