This course is designed for beginning practitioners and/or practitioners who have not encountered QBI much in the past. The goal of this course is to expose the practitioner to many different aspects of QBI from a fairly high level.

Learning Objectives
  • Discover and define what the QBI deduction is.
  • Explore and understand the basics of how entities report QBI items.
  • Identify and understand how taxpayers calculate the QBI deduction on their Form 1040.
  • Recognize and understand the basics of how aggregation works for the QBI deduction.
  • Identify and analyze whether a rental property qualifies for a QBI deduction.
Last updated/reviewed: August 20, 2023
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13 Reviews (83 ratings)

Reviews

5
Member's Profile
Great instructor, although the subject is very complicated the instructor kept good balance between over-simplifying and over-complicating the overview of the subject.. Unfortunately I could not find a course with more extensive QBI coverage, from the same instructor..

5
Anonymous Author
This course did a good job of explaining a complex tax calculation as simply as possible. Slides were easy to follow, with clear examples given. The instructor had a dynamic voice, which helped keep my interest.

4
Anonymous Author
Good introduction but some of the calculations left many questions that were unanxwereed . the exam was very easy which I'm not complaining but compared to other courses it wasn't very comprehensive.

4
Anonymous Author
The course provided a clear basis for the introduction of the QBI deduction. Instructor presentation was on point and relevant slides.

5
Anonymous Author
Great introduction to QBI. This area of the 2017 TJCA is complicated. The instructor makes it easy to understand the concepts.

5
Anonymous Author
Great course, thank you so much for very important information, great job, you gave important info

5
Anonymous Author
Good examples, clear concise explanations. I liked this instructors delivery very much.

3
Anonymous Author
I enjoyed this course and would recommend it to anyone who prepares tax returns.

5
Anonymous Author
Lots of good information presented in a way that is very easy to understand

5
Anonymous Author
Great and quick overview of the QBID. Always good to refresh on this

5
Member's Profile
useful review. helpful intro. good beginner materials

5
Member's Profile
very informative information for this tricky deduction

5
Member's Profile
Jason's course on QBI was well prepared and presented

Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  An Overview to Qualified Business Income Deduction1:42
  Defining QBI9:56
  QBI on the Entity Side11:36
  Putting it Together10:54
  Specified Service Trade or Business5:26
  Aggregation5:18
  Self Rental and Rental Property8:14
CONTINUOUS PLAY
  Qualified Business Income Deduction - A Basic Overview53:06
SUPPORTING MATERIAL
  Slides: Qualified Business Income Deduction - A Basic OverviewPDF
  Qualified Business Income Deduction - A Basic Overview Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam