[Jonah]

Hey y’all, just spending another wonderful day of my life going over CPA study materials. I was wondering if anyone who has recently taken REG has any advice as to how in depth I should go over QBI deductions etc. Becker says not to memorize all the numbers and indexed amounts but they are obviously material in the QBI deduction calculations. (Especially when it comes to the longer calculations for being in the phase in range, etc)

I am fine spending extra time and memorizing each calculation and the indexed numbers associated with them, but if this is a waste of time I would rather focus on another area.

Thanks!

[Anonymous]

Following. Great question.

I'm tired of operating in fear and mediocrity. It's time to try. It's time to do. It's time to go.

[sal02]

I'm only imparting my “impression” of what we may see on the exam, but I've run with the assumption that simply remembering that the QBI deduction is 20% (using the shortcut) would be enough to get by.

[GetThisCPA94]

I don't think it was covered in depth if much at all when I took it early last month. Like the poster said above me, the 20% rule, knowing when exactly it's deducted/introduced into the equation, difference between personal service corps and qualified businesses (e.g. engineering firm vs attorney firm), etc is enough from my experience.

[Jonah]

Thanks all! I assumed this to be true, but I wanted to make sure. I feel comfortable with the basics, just wanted a little reassurance.

[Author]

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