UBIA Defined: Unadjusted Basis After Acquisition for Qualified Property
UBIA is the original cost at placed-in-service and is not reduced by depreciation. Qualified property must be used…
Articles by & updated by Sai Sankar
W-2 Wages: Elective Deferrals, QBI UBIA, and Statutory Employees
IRS 2025 W-2 updates clarify W-2 wage composition, include elective deferrals in Box 1/12, and exclude properly marked…
199A: Negative REIT/PTP Amount Yields Zero Deduction, Carryforward
OBBBA permanently preserves the 20% Section 199A deduction for qualified REIT dividends and qualified PTP income. Negative combined…
SSTB Thresholds Under IRC 199A: 10% vs 5% Receipts
The 10% (≤ $25M) and 5% (> $25M) specified-service gross receipts thresholds remain effective for 2025; exceeding the…
Publicly Traded Partnerships: Qualified Income Rules and 2025 Updates
2025 rules expand PTP qualifying income to include select low-carbon sectors for post-2025 tax years and impose TD…
QBI Deduction 199A: Permanent, 23% Rate Beginning 2026
OBBBA (2025) permanently extends Section 199A, raising the QBI deduction from 20% to 23% for 2026 onward, adds…
REITs and Section 199A Qualified Dividends: Tax Implications
The 20% Section 199A deduction applies to qualified REIT dividends through 2025 but requires holding shares more than…
Understanding QBI Deduction: Eligibility, SSTBs, and 2025 Thresholds
QBI remains permanent for 2025: eligible pass-through owners can deduct up to 20% of qualified business income. 2025…
Understanding Qualified Business Loss Carryovers Under Section 199A
Section 199A remains permanent; qualified business losses carry forward to reduce future QBI. OBBBA raises the deduction to…