ColeenD3
Expert Alumni

Business & farm

If you file Schedule C as a self-employed individual, you are potentially entitled to QBI, regardless of the fact that the IRS failed to specifically include you on their list.

 

• A specific service trade or business defined by the IRS is any trade or business providing services in the fields of health, law, accounting, actuarial science, performing arts, consulting, athletic, financial services, brokerage services and other industries. Also included are any trades or businesses involving investing and investment management, trading or dealing in securities. Engineers and architects are not defined as a specific service trade or business and thus are excluded from this limitation.