IsabellaG
Expert Alumni

Self employed

Yes, as a sole proprietor you would qualify for the new 20% Qualified Business Income Deduction. As an investment adviser, your business would be considered a specified service trade or business (SSTB). If your total taxable income is under $157,500 ($315,000 if filing jointly), the limits on the deduction will not apply.

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