The IRS estimates 10 million taxpayers will be affected by this new 20% deduction under section 199A and on August 8, 2018, they released proposed regulations [REG 107892-18] covering the 20% deduction. These regulations answer many questions not addressed in the statute and are more than 180 pages long. Don will cover each aspect of this new section 199A deduction including complete coverage of the proposed regulations.