Is assisted living facility or nursing home considered specified service business?

3 replies
54 views

ProSeries Professional

This topic has been closed for replies.

George4TacksAnswer

Level 15

See Q5 https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-provision-11011-section-199a-qualified-business-i... Hmmm? Service in health?? I think the answer is yes, but I am not preparing the return.

Answers are easy. Questions are hard!

George4TacksAnswer

Level 15

See Q5 https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-provision-11011-section-199a-qualified-business-i... Hmmm? Service in health?? I think the answer is yes, but I am not preparing the return.

Answers are easy. Questions are hard!

A

ajcctaxAuthor

Level 5

I search online, IRS leaves unclear about the status for assisted living facility, other professionals posted: Services in the field of health are defined only to include healthcare professionals who provide medical services directly to a patient. Now excluded from being an SSTB are health clubs and similar facilities, medical research and testing services, and the manufacturing and sales of pharmaceuticals and medical devices. Additionally, other businesses supporting healthcare professionals would be excluded from the definition of an SSTB.

Sign up

Login with SSO

Let's get you signed in

Login with SSO