Cmallow17
Thank you for your question about SSTBs and exactly what they are:
The IRS defines SSTB in the following manner:
"An SSTB is 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 or dealing in certain assets, orr any trade or business where the principal asset is the reputation or skill of one or more of its employees or owners"
Seeing as your consulting business depends on your personal skills and/or reputation that would qualify as an SSTB, as would the wellness couching as it is in the health industry.
Here are some links for more information on QBI:
https://www.irs.gov/newsroom/facts-about-the-qualified-business-income-deduction
https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-provision-11011-section-199a-qualified-business-i...
Hope this helps to clear up some of the confusion.
Michelle T
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