I am filling Business:1065 form. The TurboTax SW got stuck on this question in 199A Worksheet: line 4: Specified Service Trade or Business? Yes/No. How to ans this?

yousuf-saifullah · ‎June 1, 2019

MinhT · ‎June 1, 2019

The IRS defines a Specified Service Trade or Business as follows:

Specified service trade or business (SSTB) includes a trade or business involving the performance of services in the fields of health, law, accounting, actuarial science, performing arts, consulting, athletics, financial services, investing and investment management, trading, dealing in certain assets or any trade or business where the principal asset is the reputation or skill of one or more of its employees.

This definition will help you answer the question. If your business meets the definition above, then answer Yes. Otherwise, answer No.

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View solution in original post

MinhT · ‎June 1, 2019

The IRS defines a Specified Service Trade or Business as follows:

Specified service trade or business (SSTB) includes a trade or business involving the performance of services in the fields of health, law, accounting, actuarial science, performing arts, consulting, athletics, financial services, investing and investment management, trading, dealing in certain assets or any trade or business where the principal asset is the reputation or skill of one or more of its employees.

This definition will help you answer the question. If your business meets the definition above, then answer Yes. Otherwise, answer No.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I am filling Business:1065 form. The TurboTax SW got stuck on this question in 199A Worksheet: line 4: Specified Service Trade or Business? Yes/No. How to ans this?