Sec 199 deduction - things you hear

[Edsel]

• The biggest question at this time is whether this new deduction will apply to rental income or not.  For many purposes, rents are not considered a "business".
• Each "entity" is limited to $20,000?  Is this correct?
• Controls are placed on co-ownership to keep the limit from proliferating, correct?  No more than $20,000 can roll "downhill".
• Individuals are the targets of pass-throughs, and are limited to the lesser of what is passed through to them or $20,000 whichever is less.
• Sch C proprietorships qualify for the s.199 deduction as well.

I'm really fuzzy on this stuff.  All of the above are questions, and not statements.