Course Description

This course is designed for beginning practitioners and/or practitioners who have not encountered QBI much in the past. The goal of this course is to expose the practitioner to many different aspects of QBI from a fairly high level.

NOTE - This is a Video Self-Study Course

Learning Objectives

Upon successful completion of this course participant should be able to be complete the following objectives:

• Define what the QBI deduction is
• Understand the basics of how entities report QBI items
• Understand how taxpayers calculate the QBI deduction on their Form 1040
• Understand the basics of how aggregation works for the QBI deduction
• Analyze whether a rental property qualifies for a QBI deduction

CPE Credits: 1 CPE for CPAs and EAs

Level: Basic

Instructional Method: Self-Study

NASBA Field of Study: Taxes

Program Prerequisites: None

Advanced Preparation: None

Revision Date: October 17, 2022