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I'm trying to determine if my client who is an S Corp
I'm trying to determine if my client who is an S Corp qualifies for the new Section 199A Qualified Business Income Deduction. My client earns commissions as an importer/exporter of products. It would … read more
DK_CPA
DK_CPA
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I need help with QBI and to decide if my clients consulting
i need help with QBI and to decide if my clients consulting business is SSTB or not. Need tax advice from someone well versed in this … read more
Lane
Lane
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Can you provide examples of service and trade of businesses
Can you provide examples of service and trade of businesses that are not eligible for 199A?… read more
Dr. Fiona Chen
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I earn all my earnings through my own business. I am a
I earn all my earnings through my own business. I am a consultant to other companies helping them prepare government bids on various products and commodities. I am interested in the Qualified Business… read more
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Is a partnership dealing in Investments/Consulting eligible
Hi. Is a partnership dealing in Investments/Consulting eligible for sec 199a deduction? … read more
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I have a simple question. I am self-eployed and want to take
Hello. I have a simple question. I am self-eployed and want to take advantage of the QBI deduction. Is there a form I need to file? Is the calculation as simple as 20% of my net income? I make the nec… read more
emc011075
emc011075
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I'm plowing through my S-corp taxes with TurboTax, and I
I'm plowing through my S-corp taxes with TurboTax, and I have come to Form 199A. My S-corp is a personal service corp and I am the owner and sole employee; I do electrical engineering consulting. It l… read more
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Lev, Would someone who sells securities (reits) on
Lev,Would someone who sells securities (reits) on commission be eligible for section 199a deduction? Would they be considered a qualified service business?… read more
Lev
Lev
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In my tax software, it asks on Form 199A question 4 whether
In my tax software, it asks on Form 199A question 4 whether my business is a "Specified service trade or business". Can you explain this to me? Also my S-Corp's business is Information Technology Cons… read more
Carter McBride
Carter McBride
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SSTB & QTB question. Is a photographer considered as QTB? I
SSTB & QTB question. Is a photographer considered as QTB? I rarely sell products but I think I sold some items last year. Most of my business consists of my photography services. How do I classify me … read more
Lev
Lev
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Bachelor's Degree Equivalent
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I need help understanding Section 199A Tax Cuts for
I need help understanding Section 199A Tax Cuts for qualified business income (https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-provision-11011-section-199a-qualified-business-income-deduction-faqs)… read more
Lev
Lev
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SSTB Tax classification Is a Coroner consider an SSTB -
SSTB Tax classificationIs a Coroner consider an SSTB - Services performed in the field of "Health"?Thanks,… read more
Lev
Lev
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With the new QBI, will physicians ( s-Corp members in this
With the new QBI, will physicians ( s-Corp members in this case ) get any of the 20% deduction if they make more than 400k through there salaries?… read more
taxmanrog
taxmanrog
Master's Degree
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For my 2018 Income Taxes I have a number of K-1s, and
For my 2018 Income Taxes I have a number of K-1s, and schedule C income as well as other Schedule E income. … read more
Lev
Lev
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Is software development for a company a specified trade or
Roger, Is software development for a company a specified trade or business. NAICS code 541511. Please provide IRS references and articles.… read more
taxmanrog
taxmanrog
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Lane: A person with two 1099s- one for Accounting and data
Hi Lane: A person with two 1099s- one for Accounting and data entry services, and another for soft ware program services, can claim releif under Sec 199A although he does not have any business name, b… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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A very successful Schedule C realtor has Net Schedule C
A very successful Schedule C realtor has Net Schedule C Profit from his real estate sales of 535,000. Under the Tax & Jobs Act, would it make sense for him to incorporate and operate as a C Corporatio… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I need a DEFINITIVE answer regarding the deduction on
I need a DEFINITIVE answer regarding the deduction on pass-through income for small business owners. … read more
Barbara
Barbara
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