I think no but the last part of qualifying businesses is where I'm confused. "Any trade or business where the principal asset is the reputation or skill of one or more of its employees." Could driving be a skill that would make this an SSTB.
Best Answer Click here
            
                
                    
                 
                This discussion has been locked.
             
            No new contributions can be made. You may start a new discussion  
            
                here
            
        
No.
According to the Proposed Regulations, the "reputation or skill" thing is extremely limited. Here is what it says:
  
    
    In
 sum, the Treasury Department and the IRS believe that the “reputation 
or skill” clause as used in section 199A was intended to describe a 
narrow set of trades or businesses, not otherwise covered by the 
enumerated specified services, in which income is received based 
directly on the skill and/or reputation of employees or 
owners.  Additionally, the Treasury Department and the IRS believe that 
“reputation or skill” must be interpreted in a manner that is both 
objective and administrable.
    
    
    Thus, proposed §1.199A-5(b)(2)(xiv) 
limits the meaning of the “reputation or skill” clause to fact patterns 
in which the individual or RPE is engaged in the trade or business of
    
    (1)
 receiving income for endorsing products or services, including an 
individual’s distributive share of income or distributions from an RPE 
for which the individual provides endorsement services;
    
    (2) licensing
 or receiving income for the use of an individual’s image, likeness, 
name, signature, voice, trademark, or any other symbols associated with 
the individual’s identity, including an individual’s distributive share 
of income or distributions from an RPE to which an individual 
contributes the rights to use the individual’s image;o
    
    (3) receiving 
appearance fees or income (including fees or income to reality 
performers performing as themselves on television, social media, or 
other forums, radio, television, and other media hosts, and video game 
players).
    
    https://www.irs.gov/pub/irs-drop/reg-107892-18.pdf#page=65
  
No.
According to the Proposed Regulations, the "reputation or skill" thing is extremely limited. Here is what it says:
  
    
    In
 sum, the Treasury Department and the IRS believe that the “reputation 
or skill” clause as used in section 199A was intended to describe a 
narrow set of trades or businesses, not otherwise covered by the 
enumerated specified services, in which income is received based 
directly on the skill and/or reputation of employees or 
owners.  Additionally, the Treasury Department and the IRS believe that 
“reputation or skill” must be interpreted in a manner that is both 
objective and administrable.
    
    
    Thus, proposed §1.199A-5(b)(2)(xiv) 
limits the meaning of the “reputation or skill” clause to fact patterns 
in which the individual or RPE is engaged in the trade or business of
    
    (1)
 receiving income for endorsing products or services, including an 
individual’s distributive share of income or distributions from an RPE 
for which the individual provides endorsement services;
    
    (2) licensing
 or receiving income for the use of an individual’s image, likeness, 
name, signature, voice, trademark, or any other symbols associated with 
the individual’s identity, including an individual’s distributive share 
of income or distributions from an RPE to which an individual 
contributes the rights to use the individual’s image;o
    
    (3) receiving 
appearance fees or income (including fees or income to reality 
performers performing as themselves on television, social media, or 
other forums, radio, television, and other media hosts, and video game 
players).
    
    https://www.irs.gov/pub/irs-drop/reg-107892-18.pdf#page=65
  
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.