Hi there!
I'm reading about the rules around QBIs, and it says that SSTBs are excluded. "Consulting" is listed as an SSTB.
Can you elaborate more on what "consulting" covers? I feel like that is a super broad term!
I'm leaving my current employer to become a freelance consultant, providing trainings, facilitating policy reviews, conducting internal audits, etc. Would that be excluded from the QBI deduction because I'm a "consultant"?
Additionally, I'm planning to establish an LLC to provide wellness and coaching services - would that qualify as consulting?
If you can recommend any good resources to better understand QBI, I'd be very happy to receive them.
Thanks for the clarification!
