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Form 199A - Explain #4 - Specified Service Trade or Business - what does this mean?

No income or expenses - S Corp.

Never had to complete this form before.  Wasn't sure how to answer # 4, yes or no

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2 Replies
Ashby
New Member

Form 199A - Explain #4 - Specified Service Trade or Business - what does this mean?

Here's a great link that defines which businesses are a Specified Service Trade or Business. If you fall into one of these categories, answer yet. Otherwise, answer no.

https://www.bkd.com/sites/default/files/2018-08/Specified-Service-Trade-Business.pdf

lcuffe39
New Member

Form 199A - Explain #4 - Specified Service Trade or Business - what does this mean?

Where in Turbo Tax are you asked this question?  I know the answer, but where am I asked the question

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