It could matter, but probably not. It has to do with types of entities and income levels that could potentially exclude you from the QBI.
A qualified trade or business is any trade or business, with two exceptions:
- Specified service trade or business (SSTB), which 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 exception only applies if a taxpayer’s taxable income exceeds $315,000 for a married couple filing a joint return, or $157,500 for all other taxpayers.
Please see this LINK for more information.
