Is our business an SSTB for QBI purposes?

cookies kicks · ‎February 9, 2023

Our business has "Consultants" in its name. We perform engineering evaluations and tasks on-site.

Due to this, we do not believe we are a SSTB. But our concern is that "Consultants" in our name will automatically raise red flags.

JosephS1 · ‎February 9, 2023

The FAQ listed below should help show you if you qualify. My own opinion is if you are in business with a profit motive, and you are within the income limits, you qualify. Simply having consulting as part of your business function would not disqualify you. A plumbing supply house may qualify and I am sure they consult on the types of fixtures and piping that may be necessary for a job.

Do I qualify for the QBI?

@cookies kicks

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

View solution in original post

JosephS1 · ‎February 9, 2023

The FAQ listed below should help show you if you qualify. My own opinion is if you are in business with a profit motive, and you are within the income limits, you qualify. Simply having consulting as part of your business function would not disqualify you. A plumbing supply house may qualify and I am sure they consult on the types of fixtures and piping that may be necessary for a job.

Do I qualify for the QBI?

@cookies kicks

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