This is by far one of the most bizarre tax code complications I’ve seen this year. So if I’m confused, I’m sure you are too.
But, finally the IRS has decided to clarify who is, and is not included on the specified service trades or businesses (SSTB) list, and therefore disqualified to receive the Qualified Business Income deduction. Intuit published an informative chart, in their article “Professional Services” Guidance for the QBI Deduction Helps Define Specified Services.
Click over and take a look. You may find out that you actually can take this cool new deduction especially for small businesses and the self-employed.