Discover and read the best of Twitter Threads about #163j
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#TaxTwitter - #163j interest limitations are quite complex. Check out this @PWCtax insight for a very comprehensive discussion of several matters. Has some really helpful takeaways in particular regarding K-1 reporting. Some highlights follow. pwc.com/us/en/services… 1/X
Remember that there were already #163j proposed regs issued, way back in 1991. Those were never finalized. Here’s hoping this time Treasury moves a bit quicker. 2/X
Treasury has defined interest quite broadly, among other items guaranteed payments for use of capital is considered interest. Remember guaranteed payments for use of capital are also not QBI under #199A. 3/X
