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all of the following business operators may have qualified business income except

all of the following business operators may have qualified business income except

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Answer #1

Once you pass the QBI deduction income threshold, your maximum possible deduction decreases until you no longer qualify at all. Income from an SSTB does not qualify. An SSTB is any business or trade that performs services in one of the following fields:

  • Accounting
  • Actuarial science
  • Athletics
  • Brokerage services
  • Consulting
  • Financial services
  • Health services, such as performed by doctors and nurses
  • Investing and investment management
  • Law, including lawyers
  • Performing arts
  • Trading

In addition to SSTB income, income from these three sources does not qualify for the QBI deduction:

  • C corporations
  • Any trade or business whose principal asset is the reputation or skill of one or more of its employees or owners
  • Services you performed as an employee of another person or business
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