The staff of the Joint Committee on Taxation (JCT) released a presentation that provides an overview of section 163(j)—the limitation on deduction of business interest.
Pub. L. No. 115-97 added new section 163(j) to the Code, and section 163(j) generally limits the amount of a taxpayer’s business interest deduction.
Read the JCT report: Overview of Limitation on Deduction of Business Interest: Section 163(j) (March 2019)
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