Comments on: Section 199A Technical Corrections Fix Grain Glitch https://evergreensmallbusiness.com/sec-199a-technical-corrections-fix-grain-glitch/ Actionable Insights from Small Business CPAs Fri, 01 Mar 2019 19:36:45 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Steve https://evergreensmallbusiness.com/sec-199a-technical-corrections-fix-grain-glitch/#comment-6831 Tue, 08 May 2018 22:36:58 +0000 http://evergreensmallbusiness.com/?p=6810#comment-6831 In reply to Paul N-H.

The March 22 technical corrections act fixes the issue described in this blog post–which concerned qualified agricultural and horticultural cooperative dividends.

I’m not sure I understand what you mean by “disparity”… but I fear you mean the statutory language that means guaranteed payments and shareholder-employee wages do not count as qualified business income. That’s not something that’s going to change. That is the way the law is written.

]]> By: Paul N-H https://evergreensmallbusiness.com/sec-199a-technical-corrections-fix-grain-glitch/#comment-6825 Mon, 07 May 2018 13:31:06 +0000 http://evergreensmallbusiness.com/?p=6810#comment-6825 Did this technical corrections act (or any other bill) address the disparity between Sch. C business and 1065 after guaranteed pay is deducted, or 1120S after shareholder’s wages are deducted, for the 20% deduction?

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