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TREAS/IRS RIN: 1545-BP64 Publication ID: Spring 2022 
Title: Additional Guidance Under Section 199A 

The proposed regulations would provide guidance on the determination of the unadjusted basis immediately after acquisition of qualified property. The proposed regulations also would provide additional guidance on the cross-reference to section 864(c) in the definition of qualified business income, the treatment of previously disallowed deductions or losses in the year of allowance, and additional aggregation examples. Finally, the proposed regulations would provide additional guidance on reporting requirements for relevant passthrough entities and publicly traded partnerships, and additional guidance for computing the deduction under section 199A for electing small business trusts.

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1.199A   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 199A(f)(4)    26 U.S.C. 199A(h)   
Legal Deadline:  None
Action Date FR Cite
NPRM  12/00/2022 
Additional Information: REG-128340-19 (NPRM) Drafter attorney: Robert Alinsky (202) 317-5279 Reviewer attorney: Margaret Burow (202) 317-5279 Treasury attorney: Roger Pillow (202) 622-0322 CC:PSI
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Robert D. Alinsky
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5018,
Washington, DC 20224
Phone:202 317-5279
Fax:855 591-7865