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Introduction

SECTION 1. PURPOSE

Internal Revenue Bulletin 2007-23 · 2026-10-03 edition · updated 2026-10-04 · United States

Section 199 of the Internal Revenue Code provides a deduction for income attributable to domestic production activities. This revenue procedure specifies the conditions under which certain partnerships and S corporations may choose to calculate qualified production activities

income (QPAI) and W–2 wages as defined by § 1.199–2T(e)(2) of the temporary Income Tax Regulations (W–2 wages) at the entity level, as well as the manner for allocating and reporting QPAI and W–2 wages to partners or shareholders.

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▸Contents — Internal Revenue Bulletin 2007-23
Internal Revenue Bulletin 2007-23

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