Opfor77
Level 4
03-28-2022
09:19 PM
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Is a schedule c motorcycle mechanic considered a qualified trade or business under section 199A? I always get confused with this. Can someone please dumb down a qualified trade or business, relating to section 199A, & section 162. Thank you!
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Level 15
03-28-2022
09:29 PM
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I cant think of many business types that DONT qualify for QBI.
Maybe youre really asking if they're an SSTB?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 15
03-28-2022
09:34 PM
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Maybe this will help
https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-provision-11011-section-199a-qualified-business-i...
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Opfor77
Level 4
03-28-2022
09:39 PM
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Thank you!