Sections 199 Deductions
By: Dennis Gardiner, Partner | email
Gardiner Thomsen, CPAs has been researching and discussing the “new” approach to the Section 199 Deduction (Qualified Domestic Production Deduction) now for over a year. And what an interesting year it has been. We continue to address how to best utilize the Section 199 Deduction. We are taking a step back and looking at what options or opportunities you have for best utilizing the deduction. By that we mean, continue to utilize at the Cooperative level, pass the benefit through to the patron or a combination of both. We envision recommending some alternatives that will utilize non-qualified patronage allocations also. Our goal is to help you further strengthen your balance sheets and manage your members’ equity to best fit your situation or long-term plans.
You will be hearing from your GT professional in the coming months as we begin to approach your fiscal year ends.
