The “fix is in” on Sec 199A deduction

It sounds like Congress has done it again! In their ‘fix’ of the new Section 199A deduction, they’ve added additional complications and calculations.

According to Iowa State’s Center for Agricultural Law and Taxation, the “fix” adds a great deal of complexity to the tax calculations for farmers choosing to sell their grain to cooperatives.

We’ll see how this all shakes out in the coming months. Stay tuned!

February 10, 2019 update

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