Topics covered include: Computation of the Section 199A deduction; Limits based on taxable income of the qualified business; Limits based on the taxpayer's taxable income; Phase-out computations for a service business; Wage or wage/capital limitations on non-service businesses; Planning to control taxable income, wages, and capital to maximize the deduction; Impact of Section 199A on purchase price allocations; How to determine unadjusted basis of business assets; What is a service business?; How broad (or narrow) is a business defined?; What is business income?; Reporting issues for flow-through entities. Upon completing this course, you should be able to: Compute the Section 199A deduction for taxpayers above the threshold income level and for other taxpayers; Identify planning opportunities to maximize the deduction; Describe a service business as that term is used in Section 199A; Differentiate correct statements regarding Section 199A; Identify the threshold amount for single taxpayers with regard to qualified business income deduction; Describe unadjusted basis of depreciable property; Recognize business performance services for purposes of the TCJA; Calculate QBI deduction; Differentiate between Section 743 and 734 adjustments; Recognize "gray areas" of Section 199A; Recognize case studies and how they apply to your clients; Describe W-2 wages and limitations