The uncertain future of IRC Section 199A

19 November 2024

The upcoming legislative landscape in 2025 is full of uncertainty for closely held business owners. The provision that could have the biggest impact for this set of taxpayers—IRC Section 199A—could be eliminated if the individual and passthrough provisions of the Tax Cuts and Jobs Act (TCJA) are allowed to sunset at the end of 2025. In this article, we explore the potential implications for those taxpayers should Section 199A expire.

Document ID: 2024-2119

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