Specified service trade or business list. com Nov 15, 2018 · Specified service or trade businesses in the field of brokerage services have been narrowly defined to include only services relating to the sale of securities for a commission or fee. These entities would be severely curtailed or entirely prohibited from utilizing either deduction. . 199A-5 - Specified service trades or businesses and the trade or business of performing services as an employee. Specified service trade or business (SSTB) excluded from your qualified trades or businesses. This document provides a comprehensive list of specified service trades or businesses (or SSTBs) for purposes of the qualified business income (QBI) deduction and, under the House version of the One Big Beautiful Bill Act, the SALT deduction. Specified service trades or businesses generally are excluded from the definition of a qualified trade or business income if the taxpayer's taxable income exceeds the threshold. This classification, introduced as part of tax reform, impacts how business income is treated. This opens the door for real estate agents and brokers along with insurance agents and brokers to benefit from the QBI deduction. 26 CFR § 1. See full list on wolterskluwer. Aug 29, 2025 · A Specified Service Trade or Business (SSTB) refers to businesses that primarily provide services, rather than manufacturing or selling goods. feblzm bpc vqv tln xhvuyx mzt shmha feoem zmvadn lhm