The 199A Qualified Business Income Deduction – What Real Estate Professionals Should Know
Webinar recording from Dec. 17, 2019
Presenter: Evan Liddiard
Download accompanying slides (PPTX: 15 MB)
The Tax Cuts and Jobs Act of 2017 was the biggest overhaul of the U.S. tax law in over 30 years. The Act included many changes affecting individuals and businesses in the real estate industry. Yet the most positive provision for most real estate professionals is also one of the least known and understood – a special new deduction for independent contractors and owners of pass-through businesses such as corporations, limited liability companies, and partnerships. This webinar explores the origins of the 199A Qualified Business Income Deduction and how it impacts most real estate professionals. Agents, brokers, real estate developers, and owners of rental property will learn how the new deduction benefits them.
Evan Liddiard, CPA, joined NAR in 2013 after serving for more than 20 years on the staff of Senator Orrin G. Hatch (R-Utah), former chairman of the Finance Committee. Mr. Liddiard was Senator Hatch’s lead advisor on tax policy issues. Evan also has extensive experience working for several CPA firms. Mr. Liddiard received his B.S. in Accounting from the University of Utah and also has graduate degrees from George Washington University and American University, where he is an adjunct professor in the tax program.