199 A for entity with foreign operations

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  • Florida_EA
    Senior Member
    • Aug 2017
    • 153
    #1

    199 A for entity with foreign operations

    Client is a S corporation with foreign operations in the form of a foreign partnership. The foreign operations has no income that is effectively connected with a US trade or business. Can the client take 199 A for the foreign operations?
    Tags: None
    • TAXNJ
      Senior Member
      • Jan 2007
      • 2106
      #2
      Think it may be addressed in The Tax Book starting at tab 19 and other tabs depending on your specific circumstances. Also, addressed on the IRS website

      where have you looked so far and why did it not address with your scenario?
      Last edited by TAXNJ; 04-18-2019, 09:39 PM.
      Always cite your source for support to defend your opinion

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