Business Interest Expense Limitation. CPA/EA Exam. 

Thank you for making these videos. I'm taking online courses and one of my instructors doesn't actually instruct or teach the class. He wants us to teach ourselves and some of this content is really complicated. So thank you for explaining this confusing content in such a great way!

Thank You so much Professor for making it so easy to understand.

Beautifully explained Regards from India

Yes after 2017 163j applies to all taxpayers except certain categories. Not just Corporations, all taxpayers.

Thankyou professor, i am very grateful

Doesn’t it apply to partnership also?

How do you report carry over excess business interest expense from partnership K-1 , when it becomes deductible in current year from 8990 Line 30? Where does it go in Form 1040?

The ATI calculation is outdated. Starting 2022 tax year, when calculating ATI, depreciation, amortization, and depletion are no longer excluded and must be counted in the ATI. This means that ATI will be lower, and the limitation is more restrictive